DP1286 Regional Convergence Clusters Across Europe
|Publication Date:||January 1996|
|Keyword(s):||Conditioning, Dematerialization, Distribution Dynamics, Economic Geography, Knowledge-based Economy, Location|
|JEL(s):||C22, C23, D63, O30, O57|
|Programme Areas:||International Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=1286|
Per capita incomes across European regions are not equal and do not stay constant; regional income distributions fluctuate over time. Such a process could have many possible limiting outcomes: complete equality (convergence), stratification, and continually increasing inequality are but three distinct possibilities. This paper asks if nation-state, macro factors and physical-geography spillover effects help explain the observed distribution dynamics across European regions. Geographical factors are found to matter more than national ones; but both are important for explaining inequality dynamics.