Knowledge, innovation, agglomeration and regional convergence in the EU: motivating place-based regional intervention
Gianni Guastella () and
Additional contact information
Francesco Timpano: Università Cattolica
Review of Regional Research: Jahrbuch für Regionalwissenschaft, 2016, vol. 36, issue 2, 121-143
Abstract The accumulation of knowledge, human capital and agglomeration are indicated as prominent sources of externalities. Therefore, this study examines their contributions to the economic growth of regions in Europe, while accounting for non-linear and threshold effects as well as spatial dependence. The results highlight differentiated growth patterns for less and more developed regions with the effect of knowledge being considerable only in the latter group. The findings suggest that there is the potential for innovation and agglomeration in many less developed regions located in both the new member states (NMS) and the old member states (OMS). However, to reach sustained growth, structural change is necessary in these regions. We conclude that the existing gaps in the economic structure are deemed responsible for the persistence of income disparities. This reinforces the call for specific policy actions in catching-up regions, thus strengthening the arguments in favour of a place-based approach to regional policy.
Keywords: Agglomeration; Externalities; Regional growth; Generalised additive models; Place-based regional policies (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10037-015-0104-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.
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:spr:jahrfr:v:36:y:2016:i:2:d:10.1007_s10037-015-0104-x
Ordering information: This journal article can be ordered from
Access Statistics for this article
Review of Regional Research: Jahrbuch für Regionalwissenschaft is currently edited by Thomas Brenner and Georg Hirte
More articles in Review of Regional Research: Jahrbuch für Regionalwissenschaft from Springer, Gesellschaft für Regionalforschung (GfR) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().