Exploring regional economic convergence in Romania. A spatial modeling approach
Zizi Goschin ()
Eastern Journal of European Studies, 2017, vol. 8(2), 127-146
This paper explores spatial economic convergence in Romania, from the perspective of real GDP/capita, and examines how the shock of the recent economic crisis has affected the convergence process. Given the presence of spatial autocorrelation in the values of GDP per capita, we address the question of convergence in terms of both classic and spatial regression models, thus filling a gap in the Romanian literature on this topic. The empirical results seem to provide support for both absolute and relative beta divergence in GDP/capita, as well as sigma divergence among Romanian counties on the long run. This is the consequence of the two-speed regional development, with the capital region and some large cities thriving by attracting human capital and FDIs, while the lagging regions are systematically left behind. Failing to validate the neoclassical approach on convergence, our results rather support the new divergence theory based on polarization and centre-periphery inequality.
Keywords: sigma and beta convergence; GDP per capita; county; economic crisis; Romania (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jes:journl:y:2017:v:8:p:127-146
Access Statistics for this article
More articles in Eastern Journal of European Studies from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().