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Introduction

  • Stilianos Alexiadis
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

A major concern for regional economists is whether regional per-capita incomes tend to converge or diverge over the long-run, and whether such trends apply to all or only limited groups of economies. This latter possibility is known as ‘club convergence’ and provides a realistic and detailed picture about regional growth (Fischer and Stirböck 2006). The notion of club convergence was originally introduced by Baumol (1986) in recognition of convergence within a subset of national economies. As Baumol and Wolff (1988, p. 1159) subsequently noted, however, “just how countries achieve membership in the convergence club, and on what basis they are sometimes ejected” is a difficult question to answer.

Keywords

Spatial Interaction Regional Convergence Regional Disparity European Economic Community Cohesion Policy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Stilianos Alexiadis
    • 1
  1. 1.Ministry of Rural Development and FoodsAthensGreece

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