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<p>While promoting the well-being of people is the ultimate goal of all EU social and economic policies, research in this area has been mainly limited to income-based measures of well-being, such as GDP per capita, especially at the regional level. Therefore, this study aims to go beyond income-based measures and examine the spatial distribution and drivers of objective well-being in European regions. To achieve this, a&#xa0;unique panel dataset is created by integrating regional data on objective well-being (based on the EU-Social Progress Index), economic growth, industrial clusters and knowledge structure, covering 165 NUTS-2&#xa0;regions from 11 EU countries (between 2011 and 2018). Based on dynamic panel regressions using a&#xa0;system generalized method of moments (GMM) approach, it is shown that the economic growth promotes the objective well-being in regions. Evidence is also found that the industrial structure within regions is an additional driver. Regions with a&#xa0;diverse industrial cluster portfolio are more likely to have high objective well-being. However, this influence is negatively moderated by the strength of the industrial clusters, which possibly refers to size-related negative externalities. Besides the economic effects, industrial cluster structures can therefore also influence the objective well-being in regions. To promote regional well-being, regional policies should support a&#xa0;diverse industrial cluster portfolio rather than a&#xa0;regional cluster structure that is overly specialized in relatively few large industries.</p>

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Rethinking regional performance: examining the role of economic growth and industrial clusters in the objective well-being of European regions

  • 期刊论文

  • 出版模式：

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  • 发表日期：

    2025年2月20日

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  • Nils Grashof

摘要

While promoting the well-being of people is the ultimate goal of all EU social and economic policies, research in this area has been mainly limited to income-based measures of well-being, such as GDP per capita, especially at the regional level. Therefore, this study aims to go beyond income-based measures and examine the spatial distribution and drivers of objective well-being in European regions. To achieve this, a unique panel dataset is created by integrating regional data on objective well-being (based on the EU-Social Progress Index), economic growth, industrial clusters and knowledge structure, covering 165 NUTS-2 regions from 11 EU countries (between 2011 and 2018). Based on dynamic panel regressions using a system generalized method of moments (GMM) approach, it is shown that the economic growth promotes the objective well-being in regions. Evidence is also found that the industrial structure within regions is an additional driver. Regions with a diverse industrial cluster portfolio are more likely to have high objective well-being. However, this influence is negatively moderated by the strength of the industrial clusters, which possibly refers to size-related negative externalities. Besides the economic effects, industrial cluster structures can therefore also influence the objective well-being in regions. To promote regional well-being, regional policies should support a diverse industrial cluster portfolio rather than a regional cluster structure that is overly specialized in relatively few large industries.