This book investigates the EU’s regional growth dynamics and, in particular, the reasons why peripheral and socio-economically disadvantaged areas have persistently failed to catch up with the rest of the Union. It shows that the capability of the knowledge-based growth model to deliver its...

1 Introduction -- 2 Theoretical Frameworks: A Spatial Perspective on Innovation and the Genesis of Regional Growth -- 3 Geographical Accessibility and Human Capital Accumulation -- 4 The Role of Underlying Socio-Economic Conditions -- 5 Knowledge Flows and Their Spatial Extent -- 6 Innovation in...

We use a Vector Auto Regression (VAR) analysis to explore the (spill-over) effects of fiscal policy shocks in Europe. To enhance comparability with the existing literature, we first analyse the effects of these shocks at the national level. Here, we employ identification based on Choleski...