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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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Citations

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Cited by:
  1. Serge Coulombe, 2000. "New Evidence of Convergence Across Canadian Provinces: The Role of Urbanization," Regional Studies, Taylor & Francis Journals, vol. 34(8), pages 713-725.
  2. Livanos, Ilias & Zangelidis, Alexandros, 2008. "Multiple-Job Holding Among Male Workers in Greece," MPRA Paper 17031, University Library of Munich, Germany.
  3. Vassilis Monastiriotis, 2009. "Examining the consistency of spatial association patterns across socio-economic indicators: an application to the Greek regions," Empirical Economics, Springer, vol. 37(1), pages 25-49, September.
  4. Joseph DeJuan & Marc Tomljanovich, 2005. "Income convergence across Canadian provinces in the 20th century: Almost but not quite there," The Annals of Regional Science, Springer, vol. 39(3), pages 567-592, 09.
  5. Bitros, George C., 2013. "European Union failures in Greece and some possible explanations," MPRA Paper 45017, University Library of Munich, Germany.
  6. Goletsis, Y. & Chletsos, M., 2011. "Measurement of development and regional disparities in Greek periphery: A multivariate approach," Socio-Economic Planning Sciences, Elsevier, vol. 45(4), pages 174-183, December.
  7. Efthymios Tsionas, 2002. "Another Look at Regional Convergence in Greece," Regional Studies, Taylor & Francis Journals, vol. 36(6), pages 603-609.
  8. Yiannis Kamarianakis & Vagelis Kaslis, 2005. "Geographical competition-complementarity relationships between Greek regional economies," ERSA conference papers ersa05p552, European Regional Science Association.
  9. DOBSON, Steve & RAMLOGAN, Carlyn & STROBL, Eric, 2003. "Why do rates of convergence differ ? A meta-regression analysis," CORE Discussion Papers 2003020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. Magrini, Stefano, 2004. "Regional (di)convergence," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 62, pages 2741-2796 Elsevier.
  11. Ferhan Gezici & Geoffrey Hewings, 2003. "Spatial Analysis of Regional Inequalities in Turkey," ERSA conference papers ersa03p99, European Regional Science Association.
  12. Angelos Liontakis & Christos T. Papadas & Irene Tzouramani, 2011. "Regional Economic Convergence in Greece: A Stochastic Dominance Approach," ERSA conference papers ersa10p1188, European Regional Science Association.
  13. Halkos, George & Tzeremes, Nickolaos, 2011. "Population density and regional welfare efficiency," MPRA Paper 30097, University Library of Munich, Germany.
  14. Peter Gripaios & Paul Bishop & Sarah Keast, 2000. "Differences in GDP per head in GB counties: some suggested explanations," Applied Economics, Taylor & Francis Journals, vol. 32(9), pages 1161-1167.
  15. George Petrakos & Panagiotis Artelaris, 2009. "European Regional Convergence Revisited: A Weighted Least Squares Approach," Growth and Change, Gatton College of Business and Economics, University of Kentucky, vol. 40(2), pages 314-331.
  16. Vassilis Monastiriotis, 2007. "Patterns of spatial association and their persistence across socio-economic indicators: the case of the Greek regions," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 05, Hellenic Observatory, LSE.
  17. S. Alexiadis & J. Tomkins, 2004. "Convergence clubs in the regions of Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 11(6), pages 387-391.
  18. Prodromos-Ioannis Prodromidis, 2006. "Functional Economies Or Administrative Units in Greece: What Difference Does It Make for Policy?," ERSA conference papers ersa06p358, European Regional Science Association.
  19. Tamas Dusek, 2006. "Regional Income Differences in Hungary - A Multi-Level Spatio-Temporal Analysis," ERSA conference papers ersa06p284, European Regional Science Association.
  20. Goli, Srinivas & Perianayagam, Arokiasamy & Bhemeshawar, Reddy, 2013. "Socioeconomic Progress across the Major Indian states: Converging or Diverging," MPRA Paper 48978, University Library of Munich, Germany, revised 05 Aug 2013.
  21. Manuel Pérez Montiel & Gislaine Cristina de Souza Rech & Judite Sanson de Bem, 2011. "Economic convergence: a regional and subregional view," ERSA conference papers ersa11p712, European Regional Science Association.
  22. Yannis M. Ioannides & George Petrakos, 2000. "Regional Disparities in Greece and the Performance of Crete, Peloponnese and Thessaly," Discussion Papers Series, Department of Economics, Tufts University 0008, Department of Economics, Tufts University.

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