Download e-book for kindle: European Regional Growth by Bernard Fingleton (ed.)

By Bernard Fingleton (ed.)

European nearby development is the results of 3 significant impacts. First, the continued integration of the ecu neighborhood economies and the necessity to comprehend what this implies for ecu monetary and social solidarity. moment, the improvement of geo-economic theories. 3rd, the advance of concepts of spatial facts research, simulation, information visualization and spatial econometrics. the end result is a suite of chapters that follow those tools, inspired by means of numerous theoretical positions. The publication presents strong and specified analyses of the motives of source of revenue, productiveness and employment diversifications throughout Europe's areas, and insights into their destiny prospects.

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An obviously important issue in regional research is therefore the matter of whether technical progress rates do differ according to region, and if they do, what are the causes. One cause of technical progress rate differentials rnight be that technical progress depends on the scale of the economy, so that for instance larger regions see faster technical progress. This leads us into the area of endogenous growth theory and the early work by Arrow (1962), Romer (1986) and Lucas (1988). We follow the approach typical ofRomer (1990), Grossman and Helpman (1991,1994) and Aghion and Howitt (1992), and assurne that the level of resources devoted to research and development increases the technical progress rate.

The estimates indicate that the growth rate is positively re1ated to the intensity of air passengers per capita (MAIRP) but there is a negative association with peripherality (PER]PS), showing that increased peripherality tends to be associated with slower GDP per capita growth, controlling for other variables. Likewise, regions specialized in agriculture (EMP_AGRI) and with a comparatively large proportion with low educational attainment (EDUC_L) also grow more slowly, while those with a higher level of educational attainment (EDUC_H) grow more rapidly.

1994) Endogenous innovation in the theory of growth, Journal ofEconomic Perspectives, 8, 23-44 Ha ining R. P. (1990) Spatial Data Analysis in the Social and Environmental Sciences, Cambridge: Cambridge University Press Jones C. I. (1995) R&D-based models of Economic growth, Journal ofPo/itical economy, 103 759-784 Jones C. 1. (1997) Convergence revis ited, Journal ofEconomic Growth, 2, 131-153 Levine R. and Renelt D. E. Jr (1988) On the mechan ics of development planning, Journal of Monetary Economics, 22, 3-42 Mankiw N.

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