Abstract
| Language | English |
|---|---|
| Pages | 389-420 |
| Number of pages | 31 |
| Journal | Journal of Economic Geography |
| Volume | 4 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2004 |
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Keywords
- economic geography
- geographical economics
- EU manufacturing productivity
- spatial econometrics
- EU regional development
- simulation
- regional economic policy
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Some alternative geo-economics for Europe's regions. / Fingleton, B.
In: Journal of Economic Geography, Vol. 4, No. 4, 2004, p. 389-420.Research output: Contribution to journal › Article
TY - JOUR
T1 - Some alternative geo-economics for Europe's regions
AU - Fingleton, B.
PY - 2004
Y1 - 2004
N2 - In recent years we have seen major advances in economic geography theory, but only limited empirical analysis. This paper focuses on a spatial econometric modelling approach, informed by recent theoretical advances, to simulate possible economic geographies of the European Union. In the paper I show that a policy-induced boost to demand in peripheral economies could increase manufacturing productivity growth rates and levels across all regions, including the EU core as a result of spillover effects across regions. On the other hand faster core growth also spills over to the periphery raising productivity growth and levels, but is associated with diminishing rather than increasing periphery employment levels and with increased inequality. The best strategy seems therefore to encourage higher periphery growth rates, but not so high that they are unsustainable and themselves the cause of increased regional inequality.
AB - In recent years we have seen major advances in economic geography theory, but only limited empirical analysis. This paper focuses on a spatial econometric modelling approach, informed by recent theoretical advances, to simulate possible economic geographies of the European Union. In the paper I show that a policy-induced boost to demand in peripheral economies could increase manufacturing productivity growth rates and levels across all regions, including the EU core as a result of spillover effects across regions. On the other hand faster core growth also spills over to the periphery raising productivity growth and levels, but is associated with diminishing rather than increasing periphery employment levels and with increased inequality. The best strategy seems therefore to encourage higher periphery growth rates, but not so high that they are unsustainable and themselves the cause of increased regional inequality.
KW - economic geography
KW - geographical economics
KW - EU manufacturing productivity
KW - spatial econometrics
KW - EU regional development
KW - simulation
KW - regional economic policy
UR - http://dx.doi.org/10.1093/jnlecg/lbh021
U2 - 10.1093/jnlecg/lbh021
DO - 10.1093/jnlecg/lbh021
M3 - Article
VL - 4
SP - 389
EP - 420
JO - Journal of Economic Geography
T2 - Journal of Economic Geography
JF - Journal of Economic Geography
SN - 1468-2702
IS - 4
ER -