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obtained. It is demonstrated that convergence is pronounced between regions that are far away from each other while there is no … convergence between neighbor regions. Third, it is shown how the conditional o-convergence approach can be extended to other …
Persistent link: https://www.econbiz.de/10011570758
As the differences between the regions are more pronounced than among the countries, NUTS 2 regions of the new members that joined the EU after 2000 are considered. Due to the presence of externalities between the regions, the Solow growth model using interregional externalities is used. This is...
Persistent link: https://www.econbiz.de/10013279716
. Filling the gap of previous contributions, the paper aims to investigate convergence outcomes of the CP at NUTS2&3 level and …
Persistent link: https://www.econbiz.de/10012271858
This paper studies whether trade integration between the EU15 and Central Europe has led to more export specialization in Central Europe. Moreover, we analyze the impact of institutional refirms in Central Europe on export specialization. The empirical analysis is set up for thirteen Central...
Persistent link: https://www.econbiz.de/10010313425
The home market effect (HME) is commonly defined as a more than proportional supply response to a demand shock. Recent theoretical literature, however, shows that predictions from the traditional twocountry framework do not always survive in multi-country settings. This is because 'third'...
Persistent link: https://www.econbiz.de/10010316730
This paper analyzes whether hosting the most prestigious European cultural event, the European Capital of Culture, has an impact on regional economic development or the life satisfaction of the local population. Concerning the economic impact, we show that European Capitals are hosted in regions...
Persistent link: https://www.econbiz.de/10010316915
research. In this paper we examine whether there are overlapping trends of regional development in the EU: overall convergence … estimation, Markov chain analysis and cross-sectional regressions provide evidence that convergence of regional per-capita income …
Persistent link: https://www.econbiz.de/10010260880
Globalization and European integration are substantially changing the interregional division of labor in Europe and the industrial specialization of European regions, thereby potentially affecting the extent of disparities between countries and regions. This paper reviews several theoretical...
Persistent link: https://www.econbiz.de/10010265464
The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing interregional competition and affecting the interregional division of labor. From a theoretical standpoint, rising specialization and polarization of European regions may result from...
Persistent link: https://www.econbiz.de/10010265565
As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the market for corporate control - an illustrative market for...
Persistent link: https://www.econbiz.de/10010271607