Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe

Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe

This paper develops a spatial theoretical growth model in order to study the impact of physical and human capital relocations on the growth of open economies. Analytical and simulation results show how the respective neighbours determine an economy's development, why convergence and divergence...

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Main Author: Sardadvar, Sascha
Format: Others
Language:en
Published: WU Vienna University of Economics and Business 2015
Subjects:
Neoclassical growth theory / human capital / migration / regional development / divergence
Online Access:http://epub.wu.ac.at/4548/1/Sardadvar_ePub_1.pdf
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spelling ndltd-VIENNA-oai-epub.wu-wien.ac.at-45482015-12-18T05:05:31Z Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe Sardadvar, Sascha Neoclassical growth theory / human capital / migration / regional development / divergence This paper develops a spatial theoretical growth model in order to study the impact of physical and human capital relocations on the growth of open economies. Analytical and simulation results show how the respective neighbours determine an economy's development, why convergence and divergence may alternate in the medium-run, and that interregional migration as a consequence of wage inequalities causes disparities to prevail in the long-run. The empirical part applies spatial econometric specifications for European regions on the NUTS2 level for the observation period 2000-2010. The estimations underline the importance of human capital endowments and its relation with spatial location. (author's abstract) WU Vienna University of Economics and Business 2015 Paper NonPeerReviewed en application/pdf http://epub.wu.ac.at/4548/1/Sardadvar_ePub_1.pdf Series: Working Papers in Regional Science http://epub.wu.ac.at/4548/
collection NDLTD
language en
format Others
sources NDLTD
topic Neoclassical growth theory / human capital / migration / regional development / divergence
spellingShingle Neoclassical growth theory / human capital / migration / regional development / divergence
Sardadvar, Sascha
Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe
description This paper develops a spatial theoretical growth model in order to study the impact of physical and human capital relocations on the growth of open economies. Analytical and simulation results show how the respective neighbours determine an economy's development, why convergence and divergence may alternate in the medium-run, and that interregional migration as a consequence of wage inequalities causes disparities to prevail in the long-run. The empirical part applies spatial econometric specifications for European regions on the NUTS2 level for the observation period 2000-2010. The estimations underline the importance of human capital endowments and its relation with spatial location. (author's abstract) === Series: Working Papers in Regional Science
author Sardadvar, Sascha
author_facet Sardadvar, Sascha
author_sort Sardadvar, Sascha
title Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe
title_short Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe
title_full Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe
title_fullStr Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe
title_full_unstemmed Regional Economic Growth and Steady States with Free Factor Movement: Theory and Evidence from Europe
title_sort regional economic growth and steady states with free factor movement: theory and evidence from europe
publisher WU Vienna University of Economics and Business
publishDate 2015
url http://epub.wu.ac.at/4548/1/Sardadvar_ePub_1.pdf
work_keys_str_mv AT sardadvarsascha regionaleconomicgrowthandsteadystateswithfreefactormovementtheoryandevidencefromeurope
_version_ 1718154210501984256

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