Cohesion and/or Growth?
Convergence and territorially balanced economic growth require faster economic growth in weaker regions. It is difficult to decide what measures would strengthen the growth capacity of regions most. Following a brief review of growth theories and the growth and catch-up performance of the Hungarian economy, the study focuses on the differences in development across regions in Hungary. Both the analysis of available statistical data and the calculations in connection with the catch-up rate show that the Hungarian regional development is strongly differentiated, and the so-called centre–periphery relationship can clearly be identified. Growth factors (e.g. human capital and R&D investment, innovation) should be enhanced simultaneously. Cohesion policy can complement and support growth objectives in many areas. Moreover, through the coordination of the innovation and cohesion policies even the trade-off problem between efficiency and convergence may be reduced.
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.:
- Krugman, Paul & Venables, Anthony J., 1995.
"Globalization and the Inequality of Nations,"
Working Paper Series
430, Research Institute of Industrial Economics.
- Krugman, Paul & Venables, Anthony J, 1994. "Globalization and the Inequality of Nations," CEPR Discussion Papers 1015, C.E.P.R. Discussion Papers.
- Paul Krugman & Anthony J. Venables, 1995. "Globalization and the Inequality of Nations," NBER Working Papers 5098, National Bureau of Economic Research, Inc.
- Hervé Boulhol & Alain de Serres & Margit Molnár, 2008.
"The Contribution of Economic Geography to GDP Per Capita,"
OECD Economics Department Working Papers
602, OECD Publishing.
- Hervé Boulhol & Alain de Serres & Margit Molnár, 2008. "The contribution of economic geography to GDP per capita," OECD Journal: Economic Studies, OECD Publishing, vol. 2008(1), pages 1-37.
- Martin, Philippe & Ottaviano, Gianmarco, 1996.
"Growing Locations: Industry Location in a Model of Endogenous Growth,"
CEPR Discussion Papers
1523, C.E.P.R. Discussion Papers.
- Martin, Philippe & I.P. Ottaviano, Gianmarco, 1999. "Growing locations: Industry location in a model of endogenous growth," European Economic Review, Elsevier, vol. 43(2), pages 281-302, February.
- Andrés Rodríguez-Pose & Ugo Fratesi, 2006.
"Regional business cycles and the emergence of sheltered economies in the southern periphery of Europe,"
Bruges European Economic Research Papers
7, European Economic Studies Department, College of Europe.
- Andrés Rodríguez-Pose & Ugo Fratesi, 2007. "Regional Business Cycles and the Emergence of Sheltered Economies in the Southern Periphery of Europe," Growth and Change, Wiley Blackwell, vol. 38(4), pages 621-648.
- Martin, Philippe, 1998.
"Public Policies, Regional Inequalities and Growth,"
CEPR Discussion Papers
1841, C.E.P.R. Discussion Papers.
- N. Gregory Mankiw & David Romer & David N. Weil, 1990.
"A Contribution to the Empirics of Economic Growth,"
NBER Working Papers
3541, National Bureau of Economic Research, Inc.
- McCann, Philip, 2001. "Urban and Regional Economics," OUP Catalogue, Oxford University Press, number 9780198776451, March.
- Sari Pekkala, 2000. "Aggregate economic fluctuations and regional convergence: the Finnish case 1988-95," Applied Economics, Taylor & Francis Journals, vol. 32(2), pages 211-219.
- Bart Verspagen & Wilfred Schoenmakers, 2004.
"The spatial dimension of patenting by multinational firms in europe,"
Journal of Economic Geography,
Oxford University Press, vol. 4(1), pages 23-42, January.
- Verspagen, B. & Schoenmakers, W., 2002. "The Spatial Dimension of Patenting by Multinational Firms in Europe," Working Papers 02.11, Eindhoven Center for Innovation Studies.
- BERTINELLI, Luisito & BLACK, Duncan, 2002.
"Urbanization and growth,"
CORE Discussion Papers
2002044, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Péter Halmai & Viktória Vásáry, 2010. "Real convergence in the new Member States of the European Union (Shorter and longer term prospects)," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 7(1), pages 229-253, June.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Meyer, Dietmar, 1995.
"Az új növekedéselmélet
[The new theory of growth]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 387-398.
When requesting a correction, please mention this item's handle: RePEc:pfq:journl:v:56:y:2011:i:1:p:108-124. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pál Péter Kolozsi)
If references are entirely missing, you can add them using this form.