As the European Union will soon enlarge to ten new members, the question of the future of European policies, in particular the regional policies, remains problematic. The differences in labour productivity between the current applicants are obvious, but these differences are also present between...

The vast majority of research related to optimal asset allocation strategies in the presence of transaction costs, requires formulation of highly sophisticated numerical schemes for the estimation of no-transaction bands; moreover, the optimization objectives examined are far less compared to...

Economic processes are often characterized by spatial autocorrelation: the coincidence of value similarity to locational similarity. As a consequence of spatial autocorrelation, analysts observe spatial regional clusters. Recent advances in the areas of spatial statistics/econometrics offer...

The aim of this paper is to assess the evolution of regional productivity disparities in the European Union. Using a sample of 205 regions and 8 sectors on the 1975-2000 period, we use Esteban’s shift- share analysis to investigate the extent to which the existing interregional inequalities in...

The recent enlargement of the European Union (EU) will lead to unprecedented reforms of regional policies. We examine the regional distribution of gross value added, employment, and productivity for the Polish, Hungarian, and Czech regions, and compare them to the EU-15 average for the 1990-2000...

Le Gallo J. and Kamarianakis Y. The evolution of regional productivity disparities in the European Union from 1975 to 2002: a combination of shift-share and spatial econometrics, Regional Studies. This paper evaluates the relative significance of the key factors that underlie regional...

The paper investigates the productivity effects of national road infrastructure investment in Western Europe.The study makes use of newly available OECD/ECMT data showing a secular decline of productivity growth and of transport infrastructure investment. Infrastructure availability is modelled...