Cross-sectional and spatial panel data analysis of territorial economic cohesion in the European Union regions based on convergence approach: From 2 to 8 per cent?

Fernando Isla-Castillo, Anna Garashchuk and Pablo Podadera-Rivera

Socio-Economic Planning Sciences, 2024, vol. 95, issue C

Abstract: From an economic, political and social standpoint, one of the most evident and visible features of today's European Union as a supranational regional organization is its heterogeneity, where disparity seems to be the common denominator. This leads to the interest for measuring the territorial economic cohesion of the EU. From an eminently economic perspective, and working with the GDP per capita of the EU NUTS-2 regions for the period 2003–2021, this paper aims to provide evidence of a lack of territorial economic cohesion through a beta and sigma convergence methodology by applying cross-sectional and spatial panel data analysis.

Keywords: Economic development; Convergence; Territorial cohesion; Spatial panel analysis; EU NUTS-2 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:95:y:2024:i:c:s0038012124002118

DOI: 10.1016/j.seps.2024.102012

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