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Contributions to Economics

Economic Growth in the Regions of Europe

Theory and Empirical Evidence from a Spatial Growth Model

Authors: Sardadvar, Sascha

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  • Comprehensive discussion of the role of space in economic growth modelling A detailed derivation of the spatial growth model A direct transition of the theoretical model into a spatial econometric model specification Empirical tests for 255 European regions Both theoretical and empirical evidence of disadvantageous effects that high stocks of human capital can have on neighbouring regions

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eBook $119.00
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  • ISBN 978-3-7908-2637-1
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Hardcover $159.99
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Softcover $159.99
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About this book

Although interest in spatial growth regressions has been growing in recent years, formal theoretical approaches that acknowledge the role of space in economic growth have been sparse. In particular in a regional context, the assumption of independent, non-interacting closed economies can lead to misinterpretations. This book fills the void by discussing neoclassical growth theory in a spatial context, in order to examine growth both theoretically and empirically in a system of N regional economies. A formal model is presented that allows for interregional fixed capital relocations, which are in turn determined by the economies’ relative locations in space. It is shown how initial endowments with human capital play a decisive role regarding the evolution of output, and how both convergence and divergence processes may occur. Using a spatial econometric model specification, the theoretical model is tested empirically for 255 European regions.

Reviews

From the reviews:

“The author introduces a spatial dependence component into the theoretical formulation of a neoclassical growth model and then provides an empirical application to European regions. … I greatly enjoyed reading this book. The theoretical model is well structured and provides a plausible interpretation of the dynamics of an economic system organised into sub-national units such as regions. … this book is very good reading for anyone interested in regional growth models and the convergence hypothesis.” (Davide Piacentino, Scienze Regionali, Vol. 11 (2), 2012)

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook $119.00
price for USA in USD
  • ISBN 978-3-7908-2637-1
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.99
price for USA in USD
Softcover $159.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Economic Growth in the Regions of Europe
Book Subtitle
Theory and Empirical Evidence from a Spatial Growth Model
Authors
Series Title
Contributions to Economics
Copyright
2011
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-7908-2637-1
DOI
10.1007/978-3-7908-2637-1
Hardcover ISBN
978-3-7908-2636-4
Softcover ISBN
978-3-7908-2830-6
Series ISSN
1431-1933
Edition Number
1
Number of Pages
XII, 140
Topics