Title: Regional development and knowledge-based factors in European Union NUTS 2 regions: a structural equation modelling

Authors: Antonio Lerro; Giovanni Schiuma

Addresses: Department of Mathematics, Computer Sciences and Economics, University of Basilicata, Viale dell'Ateneo Lucano, 85100 Potenza, Italy; Department of Engineering for Innovation, University of Salento, Via per Monteroni snc, Lecce, Italy ' Department of Mathematics, Computer Sciences and Economics, University of Basilicata, Viale dell'Ateneo Lucano, 85100 Potenza, Italy

Abstract: This paper examines the relationships among regional development and knowledge-based factors applying a structural equation modelling (SEM). The object of investigation is a large sample of European Union (EU) NUTS 2 regions. The insights confirm the strategic relevance of the knowledge-based factors for the regional development, but they seem to suggest that it is the regional development that drives the attraction and the absorption of critical knowledge resources that, in turn, virtuously support renewed development dynamics.

Keywords: knowledge-based development; regional development; European Union; EU NUTS 2 regions; structural equation modelling; SEM; knowledge resources.

DOI: 10.1504/IJKBD.2015.071470

International Journal of Knowledge-Based Development, 2015 Vol.6 No.2, pp.104 - 130

Received: 14 Nov 2014
Accepted: 25 Apr 2015
Published online: 29 Aug 2015 *

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