Convergence Across the EU Regions: Economic Composition and Structural Transformation

Maria Sassi ()

International Advances in Economic Research, 2011, vol. 17, issue 1, 115 pages

Abstract: This paper refers to 1995–2006 and analyzes the role and sources of within- and between-sectors convergence in the context of the economic catching-up process across the European Union regions. The perspective adopted here overcomes the prevailing theoretical and empirical contributions referred to as the one-sector economic growth model by Solow that neglects the implications of economic composition and structural transformation on regional aggregate growth and catching-up. Further, a comparison between the results from the fixed effects panel data model and cross-regions ordinary least square estimates allow consideration of the technological differences in the economic and sectoral speeds of convergence. The growth-accounting approach integrates these results and underlines the role of structural composition and change on the process of economic and between-sectors catching-up. Copyright International Atlantic Economic Society 2011

Keywords: Regional convergence; Sources of convergence; Panel approach; C22; C23; O41; O47 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/s11294-010-9286-8

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