Regional Convergence in Europe: Evidence from the Perspective of Capital Accumulation in Services

Elías Melchor-Ferrer, Antonio Mihi-Ramirez and Eugene Agoh

Research in Economics and Business: Central and Eastern Europe, 2017, vol. 9, issue 2

Abstract: The integration process within Europe has resulted in a reduction of regional disparities. Itis, however, unfortunate that little or no attention has been given to how this regionalconvergence has occurred, particularly in the growing services sector. Therefore, this paperanalyses the impact of capital accumulation in the services sector in European regionalconvergence. We use a spatial correlation to analyze the services sector in 121 Europeanregions at the NUTS-2 level in nine European Union (EU) countries. The results show thepolarisation of economic activity in the central area of Europe, which creates synergies thatslow down the process of regional convergence. It also reveals the significant role of the nonmarketservices sector in this process, which highlights the importance of maintaining highrates of investment for continued convergence.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rebcee.eu/index.php/REB/article/download/115/85 (application/pdf)
http://www.rebcee.eu/index.php/REB/article/view/115 (text/html)

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:ttu:rebcee:115

Access Statistics for this article

More articles in Research in Economics and Business: Central and Eastern Europe from Tallinn School of Economics and Business Administration, Tallinn University of Technology Contact information at EDIRC.
Bibliographic data for series maintained by Anneli Kalm ().