The relationship between technological change and economic growth in less advanced european regions

The present paper addresses the following question: some technological change determinants are linked to the economic growth and local development in less advanced EU regions? The underlying hypothesis is that the technological change stimulates the economic growth. The study database consists of 324 EU regions. After identifying the less advanced regions and by considering some technological change determinants during the period 2000-2008, a statistical analysis is carried out. The correlation analysis results show that the less advanced EU regions in which the public expenditure in R&D is higher report the higher GDP growth rate.