Convergence Clubs and Spatial Externalities
Models and Applications of Regional Convergence in Europe| By: | Stilianos Alexiadis |
| Publisher: | Springer Nature |
| Print ISBN: | 9783642316258 |
| eText ISBN: | 9783642316265 |
| Edition: | 0 |
| Copyright: | 2013 |
| Format: | Reflowable |
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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.