Abstract
The article follows the direction set by applied econometrics. It presents an attempt, by means of statistics and econometric modelling methods, of measuring interdependencies between European economies at NUTS 2 level and the selected factors of knowledge based economy. Panel data estimation techniques were used for measuring these interdependencies. The suggested research procedure, using models based on pre-set effect, becomes an effective tool for measuring the interdependencies between regional development and knowledge based economy factors. The research results point to a strong relation between the level of regional development and the structure of factors crucial for knowledge based economy. The regions presenting a higher level of regional development are characterized by a more favorable structure of knowledge based economy factors.
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