The effect of value chain importance on regional economic recovery

Figures & data

Table 1. A simplified inter-regional input-output table.

Figure 1. TVCI by region during 2008–2010.

Table 2. Summary statistics of the variables.

VARIABLES	N	Mean	SD	Min	Max
TVCI T0	248	0.171	0.0602	0.0326	0.316
GVCI T0	248	0.161	0.0603	0.0324	0.306
RVCI T0	248	0.0102	0.0267	5.09e-05	0.161
GVA growth T0	226	0.954	0.0987	0.622	1.310
GVA/capita T0	211	0.024254	0.011523	0.00533	0.088589
Education T0	239	0.248803	0.080827	0.080667	0.544731
Capital T0	248	0.510065	0.10546	0.289838	0.876048
Agri share T0	248	0.0452	0.0349	0.00306	0.227
Manu share T0	248	0.314	0.124	0.0408	0.595
Service share T0	248	0.640	0.120	0.355	0.940
FDI T0	248	0.00513	0.039997	−0.45889	0.073971
Debt T0	248	0.707354	0.253549	0.061	1.278667
EU15	248	0.835	0.372	0	1
Eurozone	248	0.681	0.467	0	1
Objective 1	248	0.238	0.427	0	1

Table 3. Correlation of the variables.

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
(1) TVCI T0	1.000
(2) GVCI T0	0.902	1.000
(3) RVCI T0	0.217	−0.226	1.000
(4) GVA growth T0	−0.343	−0.288	−0.114	1.000
(5) GVA/cap T0	−0.004	−0.106	0.223	−0.128	1.000
(6) Education T0	−0.171	−0.154	−0.038	−0.281	0.499	1.000
(7) Capital T0	0.136	0.092	0.097	0.166	−0.288	−0.366	1.000
(8) Agri share T0	−0.218	−0.282	0.144	0.221	−0.345	−0.372	0.299	1.000
(9) Manu share T0	0.750	0.707	0.094	−0.188	−0.134	−0.305	0.116	−0.251	1.000
(10) Servi share T0	−0.711	−0.648	−0.139	0.129	0.246	0.411	−0.207	−0.032	−0.960	1.000
(11) FDI T0	0.010	0.039	−0.064	0.232	0.131	0.087	−0.151	0.064	0.072	−0.093	1.000
(12) Debt T0	−0.226	−0.292	0.151	0.589	−0.004	−0.329	0.112	0.029	−0.049	0.042	0.007	1.000

Figure 2. Correlation between TVCI and GVA with regression line.

Table 4. Regression results with country level clustered standard errors.

VARIABLES	(1)	(2)	(3)	(4)
	Baseline model	National controls	+Regional controls	+ EU dummies
TVCI T0		0.0815***	0.0707***	0.0558***
		(0.0199)	(0.0229)	(0.0188)
GVA growth T0	0.124***	0.153***	0.143***	0.138***
	(0.0186)	(0.0205)	(0.0226)	(0.0209)
FDI T0	0.0949***	0.0657***	0.0791***	0.0799***
	(0.0223)	(0.0168)	(0.0167)	(0.0202)
Debt T0	−0.0147**	−0.0105*	−0.0117*	−0.0140**
	(0.00565)	(0.00604)	(0.00620)	(0.00582)
Education T0	−0.0274**		−0.0137	−0.0169
	(0.0119)		(0.0135)	(0.0117)
Capital T0	0.00913		0.0196	0.0109
	(0.0120)		(0.0141)	(0.0102)
EU15	−0.00818			−0.00564
	(0.00577)			(0.00607)
Eurozone	0.00994***			0.00813***
	(0.00321)			(0.00277)
Objective 1	−0.00391			−0.00300
	(0.00341)			(0.00360)
Constant	0.893***	0.845***	0.850***	0.864***
	(0.0159)	(0.0212)	(0.0219)	(0.0189)
Observations	218	218	218	218
R^2	0.581	0.559	0.575	0.606
Country FE	NO	NO	NO	NO

Clustered standard errors in parentheses.

*** p < 0.01, ** p < 0.05, * p < 0.1.

Table 5. Regression results with country level clustered standard errors 2.

VARIABLES	(1)	(2)	(3)	(4)
	Baseline model	National controls	+Regional controls	+ EU dummies
GVCI T0		0.0798***	0.0691***	0.0564***
		(0.0197)	(0.0239)	(0.0185)
RVCI T0		0.0995**	0.0856**	0.0482*
		(0.0357)	(0.0317)	(0.0253)
GVA growth T0	0.124***	0.154***	0.145***	0.137***
	(0.0186)	(0.0213)	(0.0231)	(0.0213)
FDI T0	0.0949***	0.0655***	0.0789***	0.0796***
	(0.0223)	(0.0171)	(0.0169)	(0.0204)
Debt T0	−0.0147**	−0.0112	−0.0123*	−0.0138**
	(0.00565)	(0.00672)	(0.00670)	(0.00585)
Education T0	−0.0274**		−0.0142	−0.0170
	(0.0119)		(0.0133)	(0.0117)
Capital T0	0.00913		0.0191	0.0113
	(0.0120)		(0.0141)	(0.0102)
EU15	−0.00818			−0.00553
	(0.00577)			(0.00606)
Eurozone	0.00994***			0.00820***
	(0.00321)			(0.00281)
Objective 1	−0.00391			−0.00306
	(0.00341)			(0.00358)
Constant	0.893***	0.844***	0.850***	0.865***
	(0.0159)	(0.0215)	(0.0221)	(0.0191)
Observations	218	218	218	218
R^2	0.581	0.559	0.575	0.606
Country FE	NO	NO	NO	NO

Clustered standard errors in parentheses.

***p < 0.01; **p < 0.05; *p < 0.1.