Economic Growth in the Regions of Europe [electronic resource] :Theory and Empirical Evidence from a Spatial Growth Model / by Sascha Sardadvar.
by Sardadvar, Sascha [author.]; SpringerLink (Online service).
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BookSeries: Contributions to Economics: 1Publisher: Heidelberg : Physica-Verlag HD, 2011.Description: XII, 140 p. online resource.ISBN: 9783790826371.Subject(s): Economics | Endogenous growth (Economics) | Europe -- Economic policy | Regional economics | Economics/Management Science | Regional/Spatial Science | Economic Growth | European IntegrationDDC classification: 338.9 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| HD28-9999 (Browse shelf) | Available | ||||
| Long Loan | MAIN LIBRARY | HT388 (Browse shelf) | Available |
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| HT388 Regional Cohesion | HT388 Urban-Rural Interactions | HT388 Territorial Governance | HT388 Economic Growth in the Regions of Europe | HT388 Tourism Economics | HT388 Regional Advantage and Innovation | HT388 Emergent Phenomena in Housing Markets |
1 Introduction -- Part I: Theory of Economic Growth -- 2 Neoclassical Growth Theory and Standard Models -- 3 Growth Models with Spatial Externalities -- 4 Convergence: Theory and Evidence -- Part II: A Model of Regional Growth -- 5 Remarks on Regional Growth -- 6 Structure of the Model -- 7 Evolution of Factors and Output -- 8 Implications for Output Growth -- Part IV: Empirics -- 9 Regions, Variables and Data -- 10 Spatial Econometric Specification and Estimation -- 11 Testing the Theoretical Model -- Summary.
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.
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