Real Convergence and Regional Policy in the European Union: Evidence from 1990s

18 Pages Posted: 24 Jul 2007

Date Written: November 2002

Abstract

The paper addresses two problems in the analysis of regional convergence in the European. First, typical convergence studies use data that is only available for some of the regions in the EU. This introduces a selection bias, as the lack of data is likely to be systematically linked to the regional income level. Secondly, the estimation takes the EU regional policy explicitly into account. The empirical evidence points to conditional convergence, with a relatively fast pace of convergence compared to other studies. The estimations indicate that regional differences in R&D account for some income variation between EU regions. EU regional policy does not seem to affect regional growth in the EU.

Suggested Citation

Herz, Bernhard, Real Convergence and Regional Policy in the European Union: Evidence from 1990s (November 2002). Available at SSRN: https://ssrn.com/abstract=1002513 or http://dx.doi.org/10.2139/ssrn.1002513

Bernhard Herz (Contact Author)

University of Bayreuth ( email )

Universitatsstr 30
Bayreuth, D-95447
Germany

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