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Convergence Clubs and Spatial Externalities [electronic resource] :Models and Applications of Regional Convergence in Europe / by Stilianos Alexiadis.

by Alexiadis, Stilianos [author.]; SpringerLink (Online service).
Material type: materialTypeLabelBookSeries: Advances in Spatial Science, The Regional Science Series: Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg : 2013.Description: XIV, 244 p. 47 illus. online resource.ISBN: 9783642316265.Subject(s): Economics | Geography | Regional economics | Economics/Management Science | Regional/Spatial Science | Economic Geography | R & D/Technology PolicyDDC classification: 338.9 Online resources: Click here to access online
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.
In: Springer eBooksSummary: 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. 
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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.

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. 

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