Regional GDP Convergence in the European Regions in the light of the Economic Recession

Publikation: Bidrag til bog/antologi/rapport/konference-proceedingKonferencebidrag i proceedingsForskning

Resumé

This article investigates the implications of the slowdown of the European economies since 2007 on the process of GDP convergence at the regional NUTS 2 level. We use a nominal data set on GPD per capita divided into the periods 1995-2006 and 2007-2010. Using the notion of β-convergence we find that convergence is still present at the aggregated level, but the rate of convergence has significantly decreased from a rate of 2.63 percent before the recession to a rate of convergence equal to 1.60 percent after the recession. Moving to the national level we confirm the findings in many countries that a pattern of regional divergence is present. We do not observe a pattern of regional convergence in any of the nations considered for the period from 2007. Out of the 19 countries analyzed divergence is present in 6 countries whereas the pattern is not determinable in any of the remaining countries. No countries have gone directly from regional convergence to regional divergence. With a few exceptions a more gradual process is observed form convergence to no determined pattern to divergence. This overall pattern is a challenge to the regional development policy of the European Union.
OriginalsprogEngelsk
TitelSymposium i anvendt statistik
RedaktørerPeter Linde
Udgivelses stedKøbenhavn
Publikationsdato2014
Sider111-117
ISBN (Trykt)978-87-501-2111-4
StatusUdgivet - 2014
BegivenhedSymposium i anvendt statistik - Københavns Universitet, Økonomisk Institut, København, Danmark
Varighed: 27. jan. 201429. jan. 2014

Konference

KonferenceSymposium i anvendt statistik
Lokation Københavns Universitet, Økonomisk Institut
LandDanmark
ByKøbenhavn
Periode27/01/201429/01/2014

Citer dette

Sørensen, N. K., & Cornett, A. P. (2014). Regional GDP Convergence in the European Regions in the light of the Economic Recession. I P. Linde (red.), Symposium i anvendt statistik (s. 111-117). København.
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title = "Regional GDP Convergence in the European Regions in the light of the Economic Recession",
abstract = "This article investigates the implications of the slowdown of the European economies since 2007 on the process of GDP convergence at the regional NUTS 2 level. We use a nominal data set on GPD per capita divided into the periods 1995-2006 and 2007-2010. Using the notion of β-convergence we find that convergence is still present at the aggregated level, but the rate of convergence has significantly decreased from a rate of 2.63 percent before the recession to a rate of convergence equal to 1.60 percent after the recession. Moving to the national level we confirm the findings in many countries that a pattern of regional divergence is present. We do not observe a pattern of regional convergence in any of the nations considered for the period from 2007. Out of the 19 countries analyzed divergence is present in 6 countries whereas the pattern is not determinable in any of the remaining countries. No countries have gone directly from regional convergence to regional divergence. With a few exceptions a more gradual process is observed form convergence to no determined pattern to divergence. This overall pattern is a challenge to the regional development policy of the European Union.",
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Sørensen, NK & Cornett, AP 2014, Regional GDP Convergence in the European Regions in the light of the Economic Recession. i P Linde (red.), Symposium i anvendt statistik. København, s. 111-117, Symposium i anvendt statistik, København, Danmark, 27/01/2014.

Regional GDP Convergence in the European Regions in the light of the Economic Recession. / Sørensen, Nils Karl; Cornett, Andreas P.

Symposium i anvendt statistik. red. / Peter Linde. København, 2014. s. 111-117.

Publikation: Bidrag til bog/antologi/rapport/konference-proceedingKonferencebidrag i proceedingsForskning

TY - GEN

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AU - Cornett, Andreas P.

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AB - This article investigates the implications of the slowdown of the European economies since 2007 on the process of GDP convergence at the regional NUTS 2 level. We use a nominal data set on GPD per capita divided into the periods 1995-2006 and 2007-2010. Using the notion of β-convergence we find that convergence is still present at the aggregated level, but the rate of convergence has significantly decreased from a rate of 2.63 percent before the recession to a rate of convergence equal to 1.60 percent after the recession. Moving to the national level we confirm the findings in many countries that a pattern of regional divergence is present. We do not observe a pattern of regional convergence in any of the nations considered for the period from 2007. Out of the 19 countries analyzed divergence is present in 6 countries whereas the pattern is not determinable in any of the remaining countries. No countries have gone directly from regional convergence to regional divergence. With a few exceptions a more gradual process is observed form convergence to no determined pattern to divergence. This overall pattern is a challenge to the regional development policy of the European Union.

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Sørensen NK, Cornett AP. Regional GDP Convergence in the European Regions in the light of the Economic Recession. I Linde P, red., Symposium i anvendt statistik. København. 2014. s. 111-117