Economic Growth in the Regions of Europe Theory and Empirical Evidence from a Spatial Growth Model
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 mis...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Heidelberg :
Physica-Verlag HD
2011.
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| Colección: | Contributions to Economics ;
1. Springer eBooks. |
| Acceso en línea: | Conectar con la versión electrónica |
| Ver en Universidad de Navarra: | https://innopac.unav.es/record=b37580486*spi |
| Sumario: | 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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| Descripción Física: | XII, 140 p. |
| Formato: | Forma de acceso: World Wide Web. |
| ISBN: | 9783790826371 |
