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Testing for Convergence Across the Greek Regions

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  • Costas Siriopoulos Shaw
  • Dimitrios Asteriou

Abstract

SIRIOPOULOS C. and ASTERIOU D. (1998) Testing for convergence across the Greek regions, Reg. Studies 32, 537-546. During the last five years, few issues have proved more controversial in empirical economics than the so-called convergence hypothesis. This paper examines the issue of convergence across Greek regions, following the theoretical basis of the neoclassical model of economic growth. Our empirical results support the popular view prevailing in Greece about the existence of dualism across the southern and northern regions of Greece. A possible explanation for this may be the lack of experience that poor countries (like Greece) have in comparison with the rich ones. Rich countries have the combined ability to educate themselves as they grow rich and the endogenous ability to accumulate the knowledge upon which these efforts are made. The same argument can be also used as an explanation for regional differences - the fact that poor regions do not have previous experience and knowledge for efficient investments SIRIOPOULOS C. et ASTERIOU D. (1998) Determiner la convergence des regions en Grece, Reg. Studies 32, 537-546. Pendant les cinq dernieres annees, rares sont les questions qui ont souleve autant de controverses en economie empirique que la soi-disant hypothese de convergence. A partir du point de depart theorique du modele neoclassique de la croissance economique, cet article examine la question de la convergence des regions en Grece. Les resultats empiriques viennent a l'appui de l'opinion generale en Grece concernant l'existence du dualisme a travers les regions meridionales et septentrionales de la Grece. Cela pourrait s'expliquer eventuellement par le manque d'experience des pays pauvres (dont la Grece) par rapport aux pays riches. Les pays riches peuvent a la fois s'instruire tout seuls au fur et a mesure qu'ils s'enrichissent et rassembler de facon endogene les connaissances qu'il faut. Il en va de meme pour ce qui concerne les differences regionales - a savoir, les regions pauvres n'ont ni l'experience ni les connaissances anterieures favorisant des investissements efficaces SIRIOPOULOS C. und ASTERIOU D. (1998) Untersuchungen zur Konvergenz griechischer Regionen, Reg. Studies 32, 537-546. In den letzten funf Jahren waren in der empirischen Wirtschaftswissenschaft wenige Fragen heisser umstritten als die sogenannte Konvergenzhypothese. Dieser Aufsatz untersucht die Frage der Konvergenz griechischer Regionen in Ubereinstmmung mit der theoretischen Grundlage des neoklassischen Modells wirtschaftlichen Wachstums. Die empirischen Ergebnisse der Autoren stutzen die in Griechenland weit verbreitete Ansicht, dass in den sudlichen und nordlichen Regionen Griechenlands Dualismus besteht. Eine mogliche Erklarung dafur konnteder-im Vergleich mit reichen Landern-herrschende Mangel an Erfahrung der armen Lander sein. Reichen La �ndern ist nicht nur die Fa �higkeit gegeben, sich zu bilden, wenn ihr Wohlstand zunimmt, sondern auch die endogene Fa �higkeit, Kenntnisse anzusammeln, auf deren Grundlage diese Anstrengungen unternommen werden. Dasselbe Argument kann auch zur Erkla �rung regionaler Unterschiede benutzt werden - der Tatsache, dass armen Regionen Vorkenntnisse und vorhergehende Erfahrung mit wirksamen Investierungen fehlen.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 32 (1998)
Issue (Month): 6 ()
Pages: 537-546

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Handle: RePEc:taf:regstd:v:32:y:1998:i:6:p:537-546

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  1. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-85, December.
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  9. Levine, Ross & Renelt, David, 1991. "A sensitivity analysis of cross-country growth regressions," Policy Research Working Paper Series 609, The World Bank.
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