The purpose of the study is to determine the most relevant method of a time series analysis to identify the cyclicality in the development of regional economies. In pursuit of the goal, a comparative approach was employed, focusing on the utilization of Gross Regional Product (GRP) indicators...

We construct the first estimates of U.S. county nominal and real GDP by broadly defined industrial sectors from 1870 to 2018. Counties tended to converge from 1870 until 1970, but subsequently grew apart. Falling inequality between states explains most of the fall in county inequality from 1870...

By applying the smile curve concept to regional value added growth rather than to levels, the paper claims that local value-added growth increases when a region is specialised in scarce natural resources or scarce human skills within a GVC. Under these circumstances, in fact, the region can...

This paper presents a macroeconomic evaluation of the impact of the Horizon 2020 funds, carried out using the spatial dynamic general equilibrium model RHOMOLO. The policy disbursement data used to feed the model relate to the actual use of the funds over the period 2014-2021, so this is...

This paper investigates the impact of regional institutional quality on economic growth and economic resilience. Using data collected by the Quality of Government Institute, we conduct a two-way fixed effect panel regression model for around 200 European regions during the period 2010 to 2021....

As digital technologies rapidly transform global economies, the digital financial inclusion index (DFII) has emerged as a critical driver of economic growth, particularly in developing regions. In the context of China, where regional economic disparities persist, the expansion of digital...

The relationship between natural capital and economic growth has garnered considerable attention in recent years, especially within the framework of sustainable development and European regional cohesion policies. This report highlights the critical role of natural capital in driving regional...

Understanding the drivers of regional economic growth requires examining the mesoeconomic conditions that influence the ability of small firms to scale. This study investigates how the local composition of firms - by size and sector - along with socio-economic and geographic characteristics,...

This study examines the impact of regional innovation factors and their dynamic interactions on regional economic growth. Using a 10-year panel dataset from 17 provinces and cities in South Korea, we analyze the data using panel data regression and explore non-linear relationships with the...

Mergers & Acquisitions (M&As) are strategic business transactions that combine the ownership of one firm with another, typically to achieve synergies, growth, and diversification. However, the spatial implications of transferring corporate control between cities have been largely overlooked....

In the context of both domestic and international economic landscapes, regional policy has emerged as an increasingly influential factor shaping the developmental trajectories of Chinese enterprises. Despite its growing significance, the extant literature lacks a comprehensive and systematically...

This study aims to explore the potential association between the performance of the stock market and the growth of the rural economy in China. It examines the impact of regional market volatility on rural macroeconomic indicators, which functions through the equity price fluctuations of locally...

Per capita growth of the Mexican economy has lagged behind G20 peers in past decades with notable disparities between the north and south. In this paper, we build on the income convergence literature by examining the impact of domestic market integration on regional growth. To this end, we...

The digital economy is a key driver of industrial upgrading and regional growth. Focusing on Gansu Province-an under-represented, less-developed region in northwest China-this study constructs a multidimensional digital economy index (DEI) for 2009-2023 under a unified normalisation and...

We investigate convergence among Indian states between 1981 and 2016 using the distance of any state from the leading state as our key variable. We focus on the role of three major sectors-agriculture, manufacturing, and infrastructure-in achieving convergence. Prima facie, we do not find any...

This report analyses the magnitude and geography of the economic consequences of climate risks across European NUTS3 regions. It introduces a new regional economic growth model that accounts for spatial spillover effects. The study, based on the JRC PESETA V project, focuses on a 2⁰C scenario...

The aim of our research is to provide additional evidence of international migration's impact on economic growth in regions with ageing populations, namely by analysing the impact on rural versus urban areas in Spain. With Spanish provinces categorised as predominantly urban, predominantly rural...

We assess the macroeconomic impact of the EU cohesion policy investments deployed during the 2014-2020 programming period, employing updated data on planned expenditures, which in most Member States will take place until 2023. We use the spatial dynamic general equilibrium RHOMOLO in order to...