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On regional growth convergence in Great Britain

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Author Info
ANDREW HENLEY

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Abstract

Henley A. (2005) On regional growth convergence in Great Britain, Regional Studies 39 , 1245--1260. This paper examines recent sub-regional output data for Great Britain to identify possible economic convergence. It concludes that sub-regional data are subject to substantial spatial autocorrelation. Conventional estimates of 'beta’ convergence are subject to misspecification bias if spatial autocorrelation is not taken into account. Unconditional models fail to find any evidence for economic convergence -- indeed, the most recent data point to significant economic divergence. Conditional models, controlling for region-specific steady-states and the influence of human capital accumulation, provide estimates closer to the 'stylized fact’ of 2% per annum convergence. A further conclusion is that the use of regional price deflators may affect rates of convergence estimates. Spatial autocorrelation suggests that growth 'hot spots’ can influence surrounding areas positively, but that poor economic performance in lagging areas may also have wider regional impacts.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 39 (2005)
Issue (Month): 9 (December)
Pages: 1245-1260
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Handle: RePEc:taf:regstd:v:39:y:2005:i:9:p:1245-1260

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Related research
Keywords: Economic growth; Convergence; Great Britain counties; Croissance économique; Convergence; Comtés de Grande-Bretagne; Wirtschaftswachstum; Konvergenz; Grafschaften des UK; Crecimiento económico; Convergencia; Condados de GB; JEL classifications: O0; R11; R12;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Ramon Moreno & Bharat Trehan, 1997. "Location and the growth of nations," Working Papers in Applied Economic Theory 97-02, Federal Reserve Bank of San Francisco. [Downloadable!]
    Other versions:
  2. Cashin, Paul, 1995. "Economic Growth and Convergence across the Seven Colonies of Australasia: 1861-1991," The Economic Record, The Economic Society of Australia, vol. 71(213), pages 132-44, June.
    Other versions:
  3. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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  4. Button, Kenneth J & Pentecost, Eric J, 1995. "Testing for Convergence of the EU Regional Economies," Economic Inquiry, Oxford University Press, vol. 33(4), pages 664-71, October.
  5. Conley, Timothy G & Ligon, Ethan, 2002. " Economic Distance and Cross-Country Spillovers," Journal of Economic Growth, Springer, vol. 7(2), pages 157-87, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Paul Bishop & Peter Gripaios, 2006. "Earnings convergence in UK counties: a distribution dynamics approach," Applied Economics Letters, Taylor and Francis Journals, vol. 13(1), pages 29-33, January. [Downloadable!] (restricted)
  2. Richard Harris, 2008. "Models of Regional Growth: Past, Present and Future," SERC Discussion Papers 0002, Spatial Economics Research Centre, LSE. [Downloadable!]
  3. Peter Gripaios & Paul Bishop, 2006. "Objective One Funding in the UK: A Critical Assessment," Regional Studies, Taylor and Francis Journals, vol. 40(8), pages 937-951, November. [Downloadable!] (restricted)
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