By Stilianos Alexiadis
Do dynamic externalities, within the type of know-how construction, adoption and spatial agglomeration form the trend of neighborhood progress in Europe? This examine presents another view on nearby convergence. A version is built which attributes club-convergence to current alterations with recognize to the measure of expertise adoption. within the first example, empirical effects recommend that the NUTS-2 areas of the EU-27 converge at a truly gradual price. extra checks, even though, point out that convergence is specific to a selected subset of areas. Such conclusions are proven extra, utilizing an alternate version of club-convergence, which includes the impression of spatial interplay, agglomeration externalities and know-how. This indicates that the convergence-club in Europe follows a definite geographical trend and all participants proportion related features concerning expertise production and adoption, and agglomeration externalities.
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