Regional Development Survey by Data Panel Models

Regional development policy whose main objective is to perform an inter- and an intra-regional allocation of activities and results as efficiently and evenly as possible is one of the most important and most complex policies of the European Union. To identify influential factors of the nominal GDP and GDP per capita, pooled linear regression models with cross-sectional specific fixed effects data have been used and the data base has been made of the values of the significant indicators in the eight Romanian regions during 2007 – 2011. The survey shows that foreign direct investment and labour productivity are important direct influence factors on nominal GDP and, that the number of small and medium enterprises per 1,000 inhabitants and the unemployment rate are relevant factors which influence GDP per capita, the former directly and the latter inversely.