Regional economic change in the European Union

Harvey Armstrong*, Ronan de Kervenoael

*Corresponding author for this work

Research output: Chapter in Book/Published conference outputChapter


Theoretical Perspectives on the Growth Process The neo-dassical corrvergence processes In traditional neo-classical growth theory under free market conditions, growth leads to convergence in regional per capita income values as the poorer regions catch up with those initially richer. In the more modern versions of this theory (see Barro and Sala-i-Martin 1992; Mankiw 1995), the picture painted is a little more complex, but still an optimistic convergence one:• regional per capita incomes still converge, but not to a single (,steady state') value• major shocks to the system, such as the 1970s oil crises, may lead to a temporary widening of disparities where they hit some regionsharder than others (Barro 1991). Eventually, however, the convergence processes come back on stream.
Original languageEnglish
Title of host publicationThe Coherence of EU Regional Policy
Subtitle of host publicationContrasting Perspectives on the Structural Funds
EditorsJohn Bachtler, Ivan Turok
PublisherTaylor & Francis
Number of pages19
ISBN (Electronic)9781315000169
ISBN (Print)9781138166288
Publication statusPublished - 16 Dec 2013


Dive into the research topics of 'Regional economic change in the European Union'. Together they form a unique fingerprint.

Cite this