Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe

Sardadvar, Sascha (2015) Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe. Working Papers in Regional Science, 2015/02. WU Vienna University of Economics and Business, Vienna.

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Abstract

This paper develops a spatial theoretical growth model in order to study the impact of physical and human capital relocations on the growth of open economies. Analytical and simulation results show how the respective neighbours determine an economy's development, why convergence and divergence may alternate in the medium-run, and that interregional migration as a consequence of wage inequalities causes disparities to prevail in the long-run. The empirical part applies spatial econometric specifications for European regions on the NUTS2 level for the observation period 2000-2010. The estimations underline the importance of human capital endowments and its relation with spatial location. (author's abstract)

Item Type: Paper
Keywords: Neoclassical growth theory / human capital / migration / regional development / divergence
Divisions: Departments > Sozioökonomie > Wirtschaftsgeographie und Geoinformatik > Fischer
Depositing User: ePub Administrator
Date Deposited: 22 May 2015 07:32
Last Modified: 22 Oct 2019 00:41
URI: https://epub.wu.ac.at/id/eprint/4548

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