Convergence Clubs and Spatial Externalities: Models and Applications of Regional Convergence in Europe (Advances in Spatial Science)

"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."--Provided by publisher Front Matter....Pages i-xiv Introduction....Pages 1-8 Neoclassical and Post-Keynesian Theories of Regional Growth and Convergence/Divergence....Pages 9-38 ‘Endogenous Growth Theory’ and ‘New Economic Geography’....Pages 39-59 Club Convergence....Pages 61-88 Empirical Measures of Regional Convergence....Pages 89-117 EU-27 Regions: Absolute or Club Convergence?....Pages 119-139 ‘Club Convergence’: Geography, Externalities and Technology....Pages 141-188 Conclusions....Pages 189-193 Back Matter....Pages 195-244