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Economic Growth in the Regions of Europe

Part of the Contributions to Economics Book Series (volume 1)

DOI: 10.1007/978-3-7908-2637-1

ISBN: 978-3-7908-2636-4

Publisher: Physica-Verlag HD - Springer Journals

Nov 25, 2010

1 - 10 of 12 Chapters

LitStream

Chapter 1Introduction

Sardadvar, Sascha

Pages: 1 –5

[Some decrease, others persist or even widen: regional disparities continue to constitute one of the major challenges for European economic policy. The accession of twelve countries to the European Union (EU) on May 1, 2004 and January 1, 2007 has led to two major statistical effects, namely a...
LitStream

Neoclassical Growth Theory and Standard Models

Sardadvar, Sascha

Pages: 9 –22

[Thoughts and theories on economic growth can be traced back to the classical economists of the eighteenth and nineteenth century, whose works are briefly reviewed alongside the transition to neoclassical growth theory in Sect. 2.1. The basic outline of neoclassical growth models as first...
LitStream

Growth Models with Spatial Externalities

Sardadvar, Sascha

Pages: 23 –28

[Although it is widely acknowledged that interaction between economies has a decisive impact on economic development, there have so far been only a handful of attempts to implement space into theoretical models of economic growth, two of which are discussed in what follows: Sect. 3.1 presents a...
LitStream

Convergence: Theory and Evidence

Sardadvar, Sascha

Pages: 29 –41

[Considerations on growth theory inevitably raise the question of whether different economies converge to each other in terms of output, income, or related measures. Interest in cross-country disparities of wealth and their causes is omnipresent in international politics. In fact, the issue has...
LitStream

Remarks on Regional Growth

Sardadvar, Sascha

Pages: 45 –52

[A model’s purpose is to provide insights about particular features of the world, which requires making simplifying assumptions. The usual procedure is to start with a very simplified model and then make it increasingly realistic; in the process, one comes to a more sophisticated understanding of...
LitStream

Structure of the Model

Sardadvar, Sascha

Pages: 53 –63

[To include the relative location in space in a growth model means that an economy’s performance no longer lies solely within its range and conditions, but rather also depends on developments and decisions made beyond its borders. This chapter lays out the study’s model, which can be described as...
LitStream

Evolution of Factors and Output

Sardadvar, Sascha

Pages: 65 –77

[The purpose of this chapter is to discuss the dynamic developments of the model presented in the previous chapter. In Sect. 7.1, the model’s long run solutions are derived, and it is shown that under the given assumptions, all regions converge to the same stable output levels in the long run. An...
LitStream

Implications for Output Growth

Sardadvar, Sascha

Pages: 79 –87

[In this chapter, the theoretical model is translated into an econometrically testable linear expression. In Sect. 8.1, it is shown how a Taylor approximation of the production function’s derivative with respect to time results in a differential equation, the solution of which is given in Sect....
LitStream

Regions, Variables and Data

Sardadvar, Sascha

Pages: 91 –104

[The aim of this chapter is to find and discuss the data that fit the assumptions of the theoretical model within Europe, as well as to present some noteworthy statistics. Section 9.1 explores the European integration process, while Sect. 9.2 discusses the appropriate variable selection. Section...
LitStream

Spatial Econometric Specification and Estimation

Sardadvar, Sascha

Pages: 105 –110

[The theoretical model laid out in Part II can be directly translated to a spatial econometric model specification, with output growth as the dependent variable, and two explanatory variables, which are also lagged in space, thus making a total of four independent variables, and in addition there...

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