Economic Convergence in EU NUTS 3 Regions: A Spatial Econometric Perspective

Abstract

The topic of economic convergence is still crucial in the European Union (EU) as promoting regional growth and the reduction of disparities remains a key objective. In this paper we investigate development and economic growth across EU regions. Particular attention is given to σ-convergence and β-convergence. These analyses are carried out for regional units corresponding to the third level of the NUTS (Nomenclature of Territorial Units for Statistics) classification. Focusing on a refined geographical scale could offer a detailed picture of the regional growth dynamics within the EU. Additionally, we use a spatial augmented version of the conditional β-convergence model to take into account the spatial interdependencies among regions. Findings shed light on the impact of spatial interaction effects and on the need of territorial policies to achieve convergence in the EU. This aspect highlights how coordinating the regional development policies between regions is pivotal to achieve economic, as well as social and political stability within the EU.

Does Investment and Energy Infrastructure Influence Convergence in Sumatra Island, Indonesia?

“…The latest empirical results related to convergence from outside Indonesia are results that state there is convergence, including in Europe by Kubis and Schneider (2016); Butkus et al (2018); Alexa et al (2019); Dogan and Kındap (2019); Balash et al (2020); Montresor et al (2020); Postiglione et al (2020);Demidova, (2021). In America by Yu and Lee (2012); Breau and Saillant (2016);Flores-Chamba et al (2019); Leiva and Pino (2020); Aristizábal and García (2021), in Asia by Barro (2016); Lee (2016;; ; (Mendez and Santos-Marquez, 2020).…”

“…Furthermore, the latest research on the application and development of spatial convergence is carried out with different regional analysis units, including by Sanso-Navarro et al (2020) across countries worldwide, Yu and Lee (2012) in the United States, Breau and Saillant (2016) in Canada, Aristizábal and García (2021) in Columbia, Flores-Chamba et al ( 2019) in Ecuador, Leiva and Pino (2020) in Chile, Lima andNeto (2016) in Brazil, Alexa et al (2019); Balash et al (2020); Montresor et al (2020); Panzera and Postiglione (2021); Pietrzykowski (2019); Postiglione et al (2020) in the European Union region, Yildirim et al (2009); Dogan and Kındap (2019) in Turkey, Goschin (2017) in Romania, Sun et al (2017) in China, Chatterjee (2017) in India, Mendez and Santos-Marquez (2020) in the ASEAN region, and Indonesia by Vidyattama (2013); Aritenang (2014); Aspiansyah and Damayanti (2019). Empirical results show that geographically weighted regression increases the model's better explanatory power.…”

New Challenges for Sustainable Organizations in Light of Agenda 2030 for Sustainability

“…At the first level of analysis, Postiglione et al [12] discuss the regional equality within countries and across the EU regions by studying σ-convergence and the conditional βconvergence process. The authors highlight the impact of the interdependencies that occur at the regional level between EU regions and point out that the speed of convergence is slowing down in the European Union.…”

Effects of environmental parameters and their interactions on the spreading of SARS-CoV-2 in North Italy under different social restrictions. A new approach based on multivariate analysis

“…is considered by modelling two different time periods: one free of mobility and social restrictions (18 May – 6 November 2020), the other characterized by progressive and differentiated social limitations established during the local “second wave” (14 November – 31 December 2020). The study focuses on North Italy, because of its high incidence of the COVID-19 and as a representative area of the western countries for its socio-economic features ( Postiglione et al, 2020 ; Rosano et al, 2020 ).…”