Further Economic Theories in the Convergence-Divergence Debate

Gabriele Tondl
Additional contact information
Gabriele Tondl: Wirtschaftsuniversität

Chapter 4 in Convergence After Divergence? Regional Growth in Europe, 2001, pp 118-183 from Springer

Abstract: Abstract The empirical test of the convergence process of European regions in Chapter 3 has shown that the convergence hypothesis had to be rejected for a large part of the 1980s. Even when convergence of regional incomes was observed again by the end of the decade, there appear to be forces at work which the neo-classical two-region growth framework cannot explain. The evidence of diverging forces, as reflected in a larger spread of steady state income positions in the panel data model, suggests the applicability of other theoretical concepts. Economic theory offers two prominent, rather new theoretical concepts which can explain forces of divergence and ultimately the phenomenon of regional divergence: The first is new growth theory or endogenous growth theory, the second is new economic geography.

Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-7091-6219-4_4

Ordering information: This item can be ordered from
http://www.springer.com/9783709162194

DOI: 10.1007/978-3-7091-6219-4_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().