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Transition Studies Review

, Volume 17, Issue 3, pp 475–493 | Cite as

Regional Infrastructure and Convergence: Growth Implications in a Spatial Framework

  • Chiara Del BoEmail author
  • Massimo Florio
  • Giancarlo Manzi
Article

Abstract

In this paper we contribute to the debate on convergence, by presenting an overview of the catch up process of the European regions between 1995 and 2006, focusing on both absolute and conditional β convergence. Our focus is on the role of infrastructure stocks in shaping the growth and convergence process between EU regions and to what extent the spatial dimension of the data affects results. We also explicitly examine the link between infrastructure evolution and regional economic growth with a spatial panel data approach. Our results confirm an ongoing convergence process at the EU regional level, and assess the important role of transport and telecommunication infrastructure, with traditional and spatial estimation techniques. We also confirm, in a panel setting, the strong positive correlation between transport and TLC indicators and GDP growth at the regional level.

Keywords

Infrastructure capital Regional growth Convergence Spatial econometrics 

JEL Classification

H54 O11 E62 R11 

Notes

Acknowledgments

The authors wish to thank A. Caragliu, and participants at the VIII Milan European Economic Workshop, June 2009, for helpful suggestions and discussions on an earlier version, and J.P. LeSage and J.P. Elhorst for making their Matlab routines publicly available. The usual disclaimer applies.

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Copyright information

© Springer-Verlag 2010

Authors and Affiliations

  • Chiara Del Bo
    • 1
    Email author
  • Massimo Florio
    • 1
  • Giancarlo Manzi
    • 1
  1. 1.Department of Economics, Business and StatisticsUniversità degli Studi di MilanoMilanItaly

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