Economic Growth in the Regions of Europe

Theory and Empirical Evidence from a Spatial Growth Model

  • Sascha Sardadvar
Part of the Contributions to Economics book series (CE, volume 1)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Sascha Sardadvar
    Pages 1-5
  3. Theory of Economic Growth

    1. Front Matter
      Pages 7-7
  4. Theory Of Economic Growth

    1. Sascha Sardadvar
      Pages 23-28
    2. Sascha Sardadvar
      Pages 29-41
  5. A Model of Regional Growth

    1. Front Matter
      Pages 43-44
  6. A Model Of Regional Growth

    1. Sascha Sardadvar
      Pages 45-52
    2. Sascha Sardadvar
      Pages 53-63
    3. Sascha Sardadvar
      Pages 65-77
    4. Sascha Sardadvar
      Pages 79-87
  7. Empirics

    1. Front Matter
      Pages 89-89
    2. Sascha Sardadvar
      Pages 91-104
    3. Sascha Sardadvar
      Pages 105-110
    4. Sascha Sardadvar
      Pages 111-116
    5. Sascha Sardadvar
      Pages 117-119
  8. Back Matter
    Pages 121-138

About this book

Introduction

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.

Keywords

European Integration Neoclassical Growth Model Regional Economic Growth Spatial Econometrics

Authors and affiliations

  • Sascha Sardadvar
    • 1
  1. 1., Department of SocioeconomicsVienna University of Economics and BusinViennaAustria

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-7908-2637-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 2011
  • Publisher Name Physica-Verlag HD
  • eBook Packages Business and Economics
  • Print ISBN 978-3-7908-2636-4
  • Online ISBN 978-3-7908-2637-1
  • Series Print ISSN 1431-1933
  • About this book