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https://ruomo.lib.uom.gr/handle/7000/1546
Title: | Drivers of convergence: the role of first- and second-nature geography |
Authors: | Arvanitopoulos, Theodoros Monastiriotis, Vassilis Panagiotidis, Theodore |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business FRASCATI::Social sciences |
Keywords: | first and second nature geography Greece pairwise approach stochastic convergence |
Issue Date: | Nov-2021 |
Source: | Urban Studies |
Volume: | 58 |
Issue: | 14 |
First Page: | 2880 |
Last Page: | 2900 |
Abstract: | The analysis of regional convergence often stays at the level of documentation, with limited attention placed on the drivers of convergence/divergence dynamics. This article offers a systematic analysis of this, examining the role of first-nature (location, proximity, physical geography) and second-nature geography (economic structure, agglomeration, economic potential) in accounting for regional synchronicity in growth trajectories (stochastic convergence). Utilising historical data for Greece at the prefectural level and up-to-date time-series econometric techniques, we test for the presence of stochastic convergence in the country over three decades prior to the crisis; identify the pairs of regions which exhibit co-movement in their growth dynamics; and examine the covariates of this. Our results unveil a picture of limited-only and cluster-like convergence, driven predominantly by factors related to accessibility, sectoral specialisations, labour market dynamism, market potential and selected locational characteristics. This supports two propositions: (a) convergence is an endogenous process, related to shared and incongruent characteristics of regions; and, by implication, (b) regional disparities are structural (in the sense that they are linked to economic and spatial structure) and thus require targeted policies in order to be addressed. |
URI: | https://doi.org/10.1177/0042098020981361 https://ruomo.lib.uom.gr/handle/7000/1546 |
ISSN: | 0042-0980 1360-063X |
Other Identifiers: | 10.1177/0042098020981361 |
Appears in Collections: | Department of Economics |
Files in This Item:
File | Description | Size | Format | |
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Manuscript v6 - final2 (1).pdf | 1,2 MB | Adobe PDF | View/Open |
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