Open AccessMEASURING THE EFFECTS IN THE DEVELOPMENT OF THE REGIONS IN BULGARIA
Author(s) -
V. Perkov
Publication year - 2021
Publication title -
trakia journal of sciences
Language(s) - English
Resource type - Journals
eISSN - 1313-3551
pISSN - 1312-1723
DOI - 10.15547/tjs.2021.s.01.005
Subject(s) - gross domestic product , panel data , econometrics , fixed effects model , regression analysis , population , linear regression , gross fixed capital formation , economics , statistics , demographic economics , economic growth , mathematics , demography , sociology
The aim of the study is to measure the effects in the economic development of the regions in Bulgaria. To achieve this aim, Eurostat data for the period 2014-2018 are used for the following indicators by NUTS 2 regions: Gross domestic product (GDP) at current market prices, Gross fixed capital formation, Compensation of employees, Inactive persons (%), Population and Households with access to the internet at home, Economical indicator for structural business statistics. The methodological framework of the study covers the use of the following statistical methods: stepwise regression, panel regression with fixed and random effect. The results of the study focus on the interpretation of the established cross-sectional and time-series effects.