Regional Cross-Section Growth Dynamics in the European Community

London School of Economics, The European Institute, Discussion Paper

Posted: 18 Oct 2008

Date Written: 1994

Abstract

This paper investigates the cross-section growth preformance of 107 European Regions from 1970 to 1990. While previous work has traditionally focused on the cross-section or the time series dimension of the data, this study uses a more general approach based on Markov chains. The observed mobility pattern does not imply convergence in the long run. Furthermore, mobility across per capita output levels turns out to slow down in 1980s. The empirical evidence is consistent with integration and growth theories which do not predict that less favoured regions will catch up with the leading one.

Keywords: European communities, regional growth performance, Markov chains

JEL Classification: O18, O52

Suggested Citation

Larch, Martin, Regional Cross-Section Growth Dynamics in the European Community (1994). London School of Economics, The European Institute, Discussion Paper, Available at SSRN: https://ssrn.com/abstract=1286080

Martin Larch (Contact Author)

European Fiscal Board ( email )

Belgium
0032 2 2969244 (Phone)

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