Convergence Clubs and Spatial Externalities

Convergence Clubs and Spatial Externalities
Author :
Publisher : Springer Science & Business Media
Total Pages : 254
Release :
ISBN-10 : 9783642316265
ISBN-13 : 3642316263
Rating : 4/5 (263 Downloads)

Book Synopsis Convergence Clubs and Spatial Externalities by : Stilianos Alexiadis

Download or read book Convergence Clubs and Spatial Externalities written by Stilianos Alexiadis and published by Springer Science & Business Media. This book was released on 2012-09-24 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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