摘要 :
This paper offers a comparative analysis of regions in the United States (US) and European Union (EU) countries before and during the aftermath of the global financial crisis. By using a regional taxonomy approaching a functional ...
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This paper offers a comparative analysis of regions in the United States (US) and European Union (EU) countries before and during the aftermath of the global financial crisis. By using a regional taxonomy approaching a functional definition, we can compare in a more meaningful way the regions in EU countries and the US. We use of a newly developed OECD functional typology of TL3 (Territorial Level 3) regions, which classifies regions into five categories: two are metropolitan regions (with a very large or large city) and three are regions with accessibility to cities of different sizes. Over the period 2000-17, we assess which types of regions have been most resilient or vulnerable to the effects of the crisis. To identify structural factors, we analyse the evolution of the contributions of regions to aggregate GDP and productivity growth. Some structural patterns emerge, which are then related to the evolution of regional inequalities between 2000 and 2017. Overall, we found that regional inequalities seem mainly related to structural factors rather than macroeconomic shocks, such as the global financial crisis.
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摘要 :
This article investigates the contribution of regions to aggregate growth. We find a great degree of heterogeneity in the performance of Territorial Level 3 (TL3) regions of the OECD (Organization for Economic Cooperation and Deve...
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This article investigates the contribution of regions to aggregate growth. We find a great degree of heterogeneity in the performance of Territorial Level 3 (TL3) regions of the OECD (Organization for Economic Cooperation and Development). The regional contributions to aggregate growth follow a power law, with a coefficient around 1.2 (in absolute terms). This implies that Few-Large (FL) regions contribute disproportionately to aggregate growth whereas Many-Small (MS) individual regions contribute only marginally. Because the large number of these smaller regions and the decay of their contribution to growth is slow (generating a fat tail distribution), their cumulated contribution is actually around two-thirds of aggregate growth.
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Rodriguez-Pose A. and Garcilazo E. Quality of government and the returns of investment: examining the impact of cohesion expenditure in European regions, Regional Studies. This paper sets out to examine the relationship between th...
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Rodriguez-Pose A. and Garcilazo E. Quality of government and the returns of investment: examining the impact of cohesion expenditure in European regions, Regional Studies. This paper sets out to examine the relationship between the quality of local and regional governments and regional economic performance, linking government quality to the returns of European Union Structural and Cohesion Funds. Using primary data on government quality collected by the Quality of Government Institute, combined with World Bank Global Governance Indicators data, a two-way fixed effect panel regression model is conducted for a total of 169 European regions during the period 1996-2007. The results of the analysis underline the importance of government quality both as a direct determinant of economic growth as well as a moderator of the efficiency of Structural and Cohesion Funds expenditure. The analysis finds that both European Union investments targeting regions and quality of government simultaneously make a difference for regional economic growth, but that above a threshold of cohesion expenditure - calculated at more than Euro120 of cohesion expenditure per capita per year - government quality improvements are a far more important and realistic option for regional development than additional public investment. In many of the regions receiving the bulk of Structural Funds, further improvements in economic growth would require massive amounts of additional investment, unless the quality of government is significantly enhanced.
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摘要 :
Growth before and especially after the crisis differed from large-city-led growth pattern. The crisis has led to big contractions especially in urban regions and in remote rural regions, while intermediate and rural regions close ...
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Growth before and especially after the crisis differed from large-city-led growth pattern. The crisis has led to big contractions especially in urban regions and in remote rural regions, while intermediate and rural regions close to a city displayed more resilience. In some countries, the capital metro region had much higher economic growth prior to the crisis, but this pattern was inverted by the crisis. Capital cities are now central to the problems faced by national economies in Europe, and appear to have exacerbated the adverse effects of the crisis. This implies that a development strategy primarily focused on the capital city can lead to more volatile and potentially lower growth, than a more a balanced development strategy. The article uses data from the OECD regional database to investigate the performance of rural, intermediate and urban regions and Eurostat data to investigate metro regions.
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