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Economic Growth in the Regions of Europe

Theory and Empirical Evidence from a Spatial Growth Model

  • Book
  • © 2011

Overview

Authors:
  1. Sascha Sardadvar

    1. , Department of Socioeconomics, Vienna University of Economics and Busin, Vienna, Austria

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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
  • Includes supplementary material: sn.pub/extras

Part of the book series: Contributions to Economics (CE)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • Sascha Sardadvar
    Pages 1-5

  3. Theory of Economic Growth

    1. Front Matter

      Pages 7-7
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  4. Theory Of Economic Growth

    1. Neoclassical Growth Theory and Standard Models

      • Sascha Sardadvar
      Pages 9-22

    2. Growth Models with Spatial Externalities

      • Sascha Sardadvar
      Pages 23-28

    3. Convergence: Theory and Evidence

      • Sascha Sardadvar
      Pages 29-41

  5. A Model of Regional Growth

    1. Front Matter

      Pages 43-44
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  6. A Model Of Regional Growth

    1. Remarks on Regional Growth

      • Sascha Sardadvar
      Pages 45-52

    2. Structure of the Model

      • Sascha Sardadvar
      Pages 53-63

    3. Evolution of Factors and Output

      • Sascha Sardadvar
      Pages 65-77

    4. Implications for Output Growth

      • Sascha Sardadvar
      Pages 79-87

  7. Empirics

    1. Front Matter

      Pages 89-89
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    2. Regions, Variables and Data

      • Sascha Sardadvar
      Pages 91-104

    3. Spatial Econometric Specification and Estimation

      • Sascha Sardadvar
      Pages 105-110

    4. Testing the Theoretical Model

      • Sascha Sardadvar
      Pages 111-116

    5. Summary

      • Sascha Sardadvar
      Pages 117-119

  8. Back Matter

    Pages 121-138
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Keywords

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)

Authors and Affiliations

  • , Department of Socioeconomics, Vienna University of Economics and Busin, Vienna, Austria

    Sascha Sardadvar

Bibliographic Information

  • Book Title: Economic Growth in the Regions of Europe

  • Book Subtitle: Theory and Empirical Evidence from a Spatial Growth Model

  • Authors: Sascha Sardadvar

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-7908-2637-1

  • Publisher: Physica Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2011

  • Hardcover ISBN: 978-3-7908-2636-4Published: 17 January 2011

  • Softcover ISBN: 978-3-7908-2830-6Published: 25 February 2013

  • eBook ISBN: 978-3-7908-2637-1Published: 12 January 2011

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XII, 140

  • Topics: Regional/Spatial Science, Economic Growth, European Integration

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