TY  - BOOK
AU  - Sardadvar,Sascha
ED  - SpringerLink (Online service)
TI  - Economic Growth in the Regions of Europe: Theory and Empirical Evidence from a Spatial Growth Model 
T2  - Contributions to Economics,
SN  - 9783790826371
AV  - HT388 
U1  - 338.9 23
PY  - 2011///
CY  - Heidelberg
PB  - Physica-Verlag HD
KW  - Economics
KW  - Endogenous growth (Economics)
KW  - Europe
KW  - Economic policy
KW  - Regional economics
KW  - Economics/Management Science
KW  - Regional/Spatial Science
KW  - Economic Growth
KW  - European Integration
N1  - 1 Introduction -- Part I: Theory of Economic Growth -- 2 Neoclassical Growth Theory and Standard Models -- 3 Growth Models with Spatial Externalities -- 4 Convergence: Theory and Evidence -- Part II: A Model of Regional Growth -- 5 Remarks on Regional Growth -- 6 Structure of the Model -- 7 Evolution of Factors and Output -- 8 Implications for Output Growth -- Part IV: Empirics -- 9 Regions, Variables and Data -- 10 Spatial Econometric Specification and Estimation -- 11 Testing the Theoretical Model -- Summary
N2  - Although interest in spatial growth regressions has been growing in recent years, formal theoretical approaches that acknowledge the role of space in economic growth have been sparse. In particular in a regional context, the assumption of independent, non-interacting closed economies can lead to misinterpretations. This book fills the void by discussing neoclassical growth theory in a spatial context, in order to examine growth both theoretically and empirically in a system of N regional economies. A formal model is presented that allows for interregional fixed capital relocations, which are in turn determined by the economies’ relative locations in space. It is shown how initial endowments with human capital play a decisive role regarding the evolution of output, and how both convergence and divergence processes may occur. Using a spatial econometric model specification, the theoretical model is tested empirically for 255 European regions
UR  - http://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-7908-2637-1
ER  -