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Economics - Regional / Spatial Science | Convergence Clubs and Spatial Externalities - Models and Applications of Regional Convergence

Convergence Clubs and Spatial Externalities

Models and Applications of Regional Convergence in Europe

Alexiadis, Stilianos

2013, XIV, 246 p.

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  • Provides a review of the theoretical and empirical literature on regional convergence
  • One of few books devoted exclusively to regional convergence
  • Planners, policy-makers and regional development institutions in the EU can easily apply the models/methods described and conduct policy experiments​
Do dynamic externalities, in the form of technology creation, adoption and spatial agglomeration shape the pattern of regional growth in Europe? This study provides an alternative view on regional convergence. A model is developed which attributes club-convergence to existing differences with respect to the degree of technology adoption. In the first instance, empirical results suggest that the NUTS-2 regions of the EU-27 converge at a very slow rate. Further tests, however, indicate that convergence is restricted to a specific subset of regions. Such conclusions are tested further, using an alternative model of club-convergence, which incorporates the impact of spatial interaction, agglomeration externalities and technology. This shows that the convergence-club in Europe follows a certain geographical pattern and all members share similar characteristics regarding technology creation and adoption, and agglomeration externalities.  ​

Content Level » Research

Keywords » Agglomeration Externalities - European Regions - Regional Growht - Spatial Econometrics - Technology Adoptions

Related subjects » Geography - R&D / Technology Policy - Regional / Spatial Science

Table of contents 

Preface.- 1 Introduction.- 2 Neoclassical and Post-Keynesian Theories of Regional Growth and Convergence/Divergence.- 3 'Endogenous Growth Theory' and 'New Economic Geography'.- 4 Club Convergence.- 5 Empirical Measure of Regional Convergence.- 6 EU-27 Regions: Absolute or Club Convergence? 7 'Club Convergence': Geography, Externalities and Technology.- 8 Conclusions.- Appendices.- References.

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