Convergence Clubs and Spatial Externalities : Models and Applications of Regional Convergence in Europe

Online-Ressource (XIV, 244 p. 47 illus, digital)

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Convergence Clubs and Spatial Externalities; Models and Applications of RegionalConvergence in Europe; Preface; Contents; List of Figures; List of Tables; Chapter 1: Introduction; 1.1 The Overall Context; 1.2 Major Aims of this Study; 1.3 Major Themes and Theoretical Context; 1.4 Structure of the Study; Chapter 2: Neoclassical and Post-Keynesian Theories of Regional Growth and Convergence/Divergence; 2.1 Introduction; 2.2 The Neoclassical Approach to Regional Growth; 2.2.1 The Microeconomic Framework; 2.2.2 Regional Growth in the `One-Sector´ Neoclassical Model

2.2.3 Inputs to Production in the Neoclassical Model2.2.4 Steady-state Equilibrium in the Neoclassical Model; 2.2.5 Transitional Dynamics of the Neoclassical Model; 2.2.6 Steady-state Equilibrium with Technological Progress; 2.2.7 The Speed of Convergence; 2.2.8 Regional Convergence and Interregional Factor Movements; 2.3 Alternative Formulations of the Neoclassical Model; 2.3.1 Regional Growth in the `Two-sector´ Neoclassical Model; 2.3.2 Growth in the `Augmented´ Solow´s Model; 2.4 Post-Keynesian Regional Growth; 2.4.1 An Overview of the Concept of Cumulative Causation; 2.4.2 `Growth Poles´

2.4.3 Cumulative Causation: Internal and External Economies2.4.4 A (post)-Keynesian Approach to Regional Growth; 2.5 Conclusions; Chapter 3: `Endogenous Growth Theory´ and `New Economic Geography´; 3.1 Introduction; 3.2 `One-Sector´ Models of Endogenous Growth; 3.2.1 `AK´ Models of Endogenous Growth; 3.2.2 Externalities; 3.2.3 Endogenous Growth with Spillover Effects; 3.2.4 Dynamic Spatial Externalities; 3.3 `New Economic Geography´; 3.4 `Two-sector´ Endogenous Growth; 3.5 Endogenous Growth Models: Convergence or Divergence?; 3.5.1 Convergence in the `One-sector´ Endogenous Growth Models

3.5.2 The `Technological Gap´ Model3.6 Conclusions; Chapter 4: Club Convergence; 4.1 Introduction; 4.2 `Club Convergence´: An Empirical Fact; 4.3 Club Convergence in the Neoclassical Model; 4.3.1 Multiple Equilibria and Club Convergence; 4.3.2 Club Convergence: Permanent or Transitory?; 4.3.3 Threshold Externalities and Multiple Equilibria; 4.4 Club Convergence: Technology Diffusion and the Technological Gap; 4.5 A Simple Model of Club Convergence; 4.6 Conclusions; Chapter 5: Empirical Measures of Regional Convergence; 5.1 Introduction

5.2 Measurement of sigma-Convergence and Empirical Applications5.3 Absolute beta-Convergence; 5.3.1 The Measurement of beta-Convergence; 5.3.2 Absolute beta-convergence at the Regional Level; 5.4 Conditional and Spatial Convergence; 5.4.1 Empirical Tests for Conditional Convergence; 5.4.2 Spatial Dependence and Regional Convergence; 5.5 Club Convergence: Empirical Tests; 5.5.1 Club Convergence tests: Baumol and Wolff (1988); 5.5.2 Club Convergence Tests: Chatterji (1992); 5.5.3 Club Convergence: Empirical Evidence; 5.5.4 Cross-Section Analysis: Implications for Convergence

5.6 Time-Series or Stochastic Convergence Tests

10.1007/978-3-642-31626-5 [DOI]

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