Regional convergence in Greece in the 1980s: an econometric investigation
The purpose of this paper is to evaluate empirically regional convergence in Greece during the 1981-1991 period of participation in the European Economic Community (EEC). Census data at NUTS III level of regional disaggregation are used. A number of structural policies undertaken in the 1980s, motivated by membership in the EEC, were conducive to regional convergence among the 51 NUTS III regions of Greece. Four different dependent variables and three model specifications are used to test the hypothesis of regional convergence. The overall evidence does not reject the idea of regional convergence. The estimated convergence coefficients are relatively similar across the three model specifications but they vary with the dependent variable used to measure convergence.