TECHNOLOGICAL CHANGE, TECHNOLOGICAL CATCH-UP AND MARKET POTENTIAL: EVIDENCE FROM THE EU REGIONS

Dimitris Kallioras (), Nickolaos Tzeremes (), Panayiotis Tzeremes and Maria Adamakou ()
Additional contact information
Nickolaos Tzeremes: Associate Professor, Department of Economics, University of Thessaly,ORCID ID: 0000-0002-6938-3404
Maria Adamakou: PhD Candidate, Department of Planning and Regional Development, University of Thessaly

Regional Science Inquiry, 2021, vol. XIII, issue 1, 135-151

Abstract: The paper examines the way(s) market potential affects the EU regions’ technological change and technological catch-up. The analysis refers to a sample of 263 NUTS II EU regions and covers the period 1995-2008 (i.e. prior to the outburst of the economic crisis). On the basis of the latest advances of nonparametric frontier analysis, and in the presence of dynamic effects, time-dependent conditional nonparametric frontiers are developed. The incorporation of the dynamic effects of the EU regions’ market potential conditions, allows for modelling the corresponding effects on technological change and technological catch-up. The findings of the paper provide valuable insight to both theory and policy-making, revealing that, within the integrated EU space, market potential acts as a technology-initiating factor, creating asymmetric effects and leaving a distinct “spatial footprint” with respect to the processes of technological change and technological catch-up.

Keywords: technological change; technological catch-up; market potential; EU regions; nonparametric frontier analysis (search for similar items in EconPapers)
JEL-codes: C14 O3 R11 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.rsijournal.eu/ARTICLES/June_2021/10.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hrs:journl:v:xiii:y:2021:i:1:p:135-151

Access Statistics for this article

Regional Science Inquiry is currently edited by Dr Christos Ap. Ladias

More articles in Regional Science Inquiry from Hellenic Association of Regional Scientists
Bibliographic data for series maintained by Dimitrios K. Kouzas ().