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Changing the economic landscape: The phenomenon of regional inversion in the US manufacturing sector

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  • Luis Fernando Lanaspa-Santolaria

    (Department of Economics, University of Zaragoza, Gran Via 2, 50005, Zaragoza, Spain)

  • Antonio Montañés

    (Department of Economics, University of Zaragoza, Gran Via 2, 50005, Zaragoza, Spain)

  • Luisa Irene Olloqui-Cuartero

    (Department of Economics, University of Zaragoza, Gran Via 2, 50005, Zaragoza, Spain)

  • Fernando Sanz-Gracia

    (Department of Economics, University of Zaragoza, Gran Via 2, 50005, Zaragoza, Spain)

Abstract

Regional inversion is the name given to the phenomenon whereby the traditional industrial areas of certain countries lose their weight in favor of what were formerly peripheral zones. Against this background our first objective is to offer a formal and rigorous definition of the concept of regional inversion from an econometric standpoint. To that end we relate such a process with the long-run concepts of convergence and catching-up. Secondly, we test this definition through the use of unit root statistics and apply these to demonstrate the presence of this phenomenon in some of the US two-digit SIC industries.

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Bibliographic Info

Article provided by Springer in its journal Papers in Regional Science.

Volume (Year): 81 (2002)
Issue (Month): 4 ()
Pages: 461-482

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Handle: RePEc:spr:presci:v:81:y:2002:i:4:p:461-482

Note: Received: 4 December 2000
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Related research

Keywords: Regional Inversion; US manufacturing sector; unit root tests; structural breaks;

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