The Nexus Between Regional Growth and Technology Adoption: A Case for Club-Convergence?
AbstractAlthough the importance of technology adoption has been acknowledged, nevertheless, at a more general level, a critical question arises: what is the implication of a ‘low’ or a ‘high’ adoptive ability for regional convergence? A model is developed in which the pattern of convergence is attributed to the rate of technological adoption across regions. According this model convergence towards leading regions is feasible only for regions with a sufficient ability to adopt technology. A scheme of measurement is developed to calibrate this argument and data for the EU27 NUTS-2 regions for period 1995-2006 are used to develop an empirical analysis of the processes and conditions that have been hypothesised as generating differential regional economic change. The results suggest that adoption of technology has a significant effect on regional growth patterns in Europe, and hence the analysis has important implications for the direction of regional policy in Europe.
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Bibliographic InfoArticle provided by ASERS Publishing in its journal Theoretical and Practical Research in Economic Fields.
Volume (Year): I (2010)
Issue (Month): 1 (June)
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convergence-club; technology adoption; European regions;
Find related papers by JEL classification:
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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- Alexiadis Stilianos & Christos Ap. LADIAS & Polo Antoneta, 2010. "Converging And Diverging Regions In The Eu: Implications For Regional Policy," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 55-70, December.
- repec:hrs:journl::v:2:y:2010:i:2:p:55-70 is not listed on IDEAS
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