This paper investigates the relationship between volatility and economic growth in the European regions over the period 1995-2008. To that end, we estimate a two-way fixed effects panel data model using spatial econometric techniques that allow us to incorporate into the analysis the relevance...

Many studies have focused on spatial patterns in economic growth. For the case of Europe, these studies have indicated that growth is spatially dependent and that clustering as well as de-clustering are parts of economic development processes. The distribution dynamics approach has revealed...

The paper asks whether subsidies aiming to redistribute economic activity across regions can be justified with the welfare argument. Moreover, different tax systems are compared with respect to the size of the subsidy needed for achieving a certain spatial distribution of economic activity, and...

The economic and social cohesion policy of the European Union has two inter-related components, namely the vertical cohesion, referring to the alleviation of social disparities and the solidarity with the disadvantaged social groups, and the horizontal cohesion, which concentrates on the...

Nowadays, globalization, technological innovation, migration and population ageing, make it increasingly difficult to predict the future of regions. Identifying the key problems that regions face and considering how these findings could be effectively used as a basis for planning region's...

Innovation and entrepreneurship are key factors in current regional development initiatives, derived from the concepts of new economic growth theory. The aim of this paper is to combine an assessment of innovative and entrepreneurial performance with the spatial distribution and functional...

The aim of our analysis is the evaluation of the total and sectoral convergence of labour productivity between 182 regions of EU12 in the period 1991-2006. The selected sectors are agriculture, manufactory, market and non-market services. We adopt a β- and sígma-convergence approach along with...

The European integration process is constantly deepening. In the 90s of the last century the project of the internal market was completed and then Member States started to implement the provisions of a monetary union. Coordination proceeds also in terms of fiscal, structural and to some extent...