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Spatial econometrics, economic geography, dynamics and equilibrium: a 'third way'?

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Author Info
Bernard Fingleton

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Abstract

An important item of agreement between the 'new' economic geography and economic geography 'proper' is the role of increasing returns in regional economic development. This provides a focal point for the model proposed in this paper, which suggests a 'third way' somewhere between the analysis provided by these 'two' competing modes of explanation. The paper provides empirical evidence supporting the proposed model using data on manufacturing productivity growth across 178 NUTS2 regions of the European Union. The paper also includes expressions for an equilibrium implied by the fitted model and argues that this helps to identify the proposed `third' way as an approach which is clearly different from the first two ways.

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Publisher Info
Article provided by Pion Ltd, London in its journal Environment and Planning A.

Volume (Year): 32 (2000)
Issue (Month): 8 (August)
Pages: 1481-1498
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Handle: RePEc:pio:envira:v:32:y:2000:i:8:p:1481-1498

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  1. Sergio J. Rey & Boris Dev, 2004. "Sigma-convergence in the presence of spatial effects," Urban/Regional 0404008, EconWPA, revised 22 Apr 2004. [Downloadable!]
  2. Kosfeld, Reinhold & Lauridsen, Jorgen, 2004. "Dynamic Spatial Modelling of Regional Convergence Processes," Discussion Paper Series 26211, Hamburg Institute of International Economics. [Downloadable!]
    Other versions:
  3. Bernard Fingleton, 2007. "A multi-equation spatial econometric model, with application to EU manufacturing productivity growth," Journal of Geographical Systems, Springer, vol. 9(2), pages 119-144, June. [Downloadable!] (restricted)
  4. Paul Plummer, 2003. "Modelling Economic Landscapes: A Geographical Perspective," Regional Studies, Taylor and Francis Journals, vol. 37(6-7), pages 687-695, August. [Downloadable!] (restricted)
  5. GUILLAIN, Rachel & DALL'ERBA, Sandy & LE GALLO, Julie, 2007. "Politiques de développement et croissance régionale en Europe : le rôle des rendements croissants et des dépendances spatiales," LEG - Document de travail - Economie 2007-02, LEG, Laboratoire d'Economie et de Gestion, CNRS UMR 5118, Université de Bourgogne. [Downloadable!]
  6. Reinhold Kosfeld & Christian Dreger, 2005. "Thresholds for Employment and Unemployment - a Spatial Analysis of German Regional Labour Markets 1992-2000," ERSA conference papers ersa05p39, European Regional Science Association. [Downloadable!]
    Other versions:
  7. Thomas Döring & Jan Schnellenbach, 2006. "What do we know about geographical knowledge spillovers and regional growth?: A survey of the literature," Regional Studies, Taylor and Francis Journals, vol. 40(3), pages 375-395, May. [Downloadable!] (restricted)
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