Some alternative geo-economics for Europe's regions
Author: Fingleton, Bernard
Source: Journal of Economic Geography, Volume 4, Number 4, August 2004 , pp. 389-420(32)
Publisher: Oxford University Press
Abstract:In recent years we have seen major advances in economic geography theory, but only limited empirical analysis. This paper focuses on a spatial econometric modelling approach, informed by recent theoretical advances, to simulate possible economic geographies of the European Union. In the paper I show that a policy-induced boost to demand in peripheral economies could increase manufacturing productivity growth rates and levels across all regions, including the EU core as a result of spillover effects across regions. On the other hand faster core growth also spills over to the periphery raising productivity growth and levels, but is associated with diminishing rather than increasing periphery employment levels and with increased inequality. The best strategy seems therefore to encourage higher periphery growth rates, but not so high that they are unsustainable and themselves the cause of increased regional inequality.
Document Type: Research Article
Affiliations: Department of Land Economy, University of Cambridge, 19 Silver Street, Cambridge CB3 9EP, UK. 〈〉, Email: firstname.lastname@example.org
Publication date: August 2004
- The aims of the Journal of Economic Geography are to redefine and reinvigorate the intersection between economics and geography, and to provide a world-class journal in the field. The journal is steered by a distinguished team of Editors and an Editorial Board, drawn equally from the two disciplines. It publishes original academic research and discussion of the highest scholarly standard in the field of 'economic geography' broadly defined. Submitted papers are refereed, and are evaluated on the basis of their creativity, quality of scholarship, and contribution to advancing understanding of the geographic nature of economic systems and global economic change.