Although there have been numerous studies on regional convergence, agriculture has received far less attention. In this study, the intention is to augment the existing literature by testing for convergence in agricultural productivity among the EU-26 regions. A low rate of absolute convergence...

The regional policy problem is often conceived as a trade-off between aggregate efficiency and interregional equity. A policy to allocate investment across regions frequently causes a contradiction in the aims of regional policy, in the sense that it might lead to high rates of aggregate growth...

This paper attempts to rekindle interest on regional allocation of investment and to show that a trade-off between aggregate efficiency and interregional equity is implied. Modifying, however, the objective function it is established that this trade-off can be avoided.

Using 'search' theory, technology adoption is conceived of as a critical factor in the aftermath of a technological shock, which increases employment in the leading sectors and total output in the economy. These implications are further investigated in the present paper, both formally and...

Using ‘search’ theory, technology adoption is conceived of as a critical factor in the aftermath of a technological shock, which increases employment in the leading sectors and total output in the economy. These implications are further investigated in the present paper, both formally and...

Verdoorn's Law implies that the process of growth is a cumulative one with the "manufacturing advanced" economies growing at the expense of their "less-advanced" counterparts. This paper tests a range of conventional and spatial specifications of Verdoorn's Law across the Greek regions. The...

Convergence across regional economies has spurred one of the most debatable issues in contemporary research in economics. In this paper we seek to address the question of whether, during the period 1995-2004 the NUTS-2 regions of EU-26 exhibited a tendency to converge in terms of agricultural...

The principle aims of regional policy can be encapsulated in terms of ‘spatial equity’ and ‘economic efficiency’. Establishing the relation between these two aims is of fundamental importance. Conventionally, however, it is assumed that there is a conflict or a ‘trade-off’ between...