Regional club convergence in the EU. Evidence from a panel data analysis.

Autor/inn/en	Lyncker, Konrad von; Thoennessen, Rasmus
Titel	Regional club convergence in the EU. Evidence from a panel data analysis. Gefälligkeitsübersetzung: Regionale Clubkonvergenz in der EU: Belege aus einer Panel-Datenanalyse.
Quelle	In: Empirical economics, 52 (2017) 2, S. 525-553 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0377-7332; 1435-8921
DOI	10.1007/s00181-016-1096-2
Schlagwörter	Soziokultureller Faktor; Region; Regionale Disparität; Regionalentwicklung; Konvergenz; Sozioökonomischer Faktor; Wachstumstheorie; Wirtschaftswachstum; Ökonomische Determinanten; Qualifikation; Internationaler Vergleich; Standortfaktor; Europäische Union; Belgien; Deutschland; Dänemark; Finnland; Frankreich; Griechenland; Großbritannien; Irland; Italien; Luxemburg; Niederlande; Portugal; Schweden; Spanien; Österreich
Abstract	"We investigate club convergence in income per capita in 194 European NUTS-2 regions using a nonlinear, time-varying factor model that allows for individual and transitional heterogeneity. Moreover, we extend an existing club clustering algorithm with two post-clustering merging algorithms that finalize club formation. We also apply an ordered response model to assess the role of initial and structural conditions, as well as geographic factors. Our results indicate the presence of four convergence clubs in the EU-15 countries. In support of the club convergence hypothesis, we find that initial conditions matter for the resulting income distribution. Geographic clustering is quite pronounced; besides a north-to-south division, we detect high-income clusters for capital cities. We conclude that the main supranational policy challenge is the politically sensitive handling of a multi-speed Europe." (Author's abstract, © Springer-Verlag).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2017/3