Knowledge Externalities, Agglomeration and Regional Development in the EU: Motivating Place-Based Regional Intervention

Francesco Timpano; Giovanni Guastella

Knowledge Externalities, Agglomeration and Regional Development in the EU: Motivating Place-Based Regional Intervention

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

Human capital, knowledge accumulation and agglomeration externalities are indicated as prominent sources of increasing returns. Their simultaneous contribution to regional development is investigated in this paper accounting for non-linearity, threshold effects and spatial dependence. Based on EU25 regional data (1995-2007), results highlight differentiated growth patterns for less and more developed regions, the effect of externalities being considerable in the latter case. The evidence weakly relate externalities to agglomeration, suggesting it is neither necessary nor sufficient for regional growth. Externalities are, oppositely, related to knowledge accumulation and human capital. With this respect, existing gaps are identified as the most relevant cause of the economic disadvantage of lagging regions. This, in turn, strengthens the arguments in favour of a place-based approach to regional policy.

Original language	English
Title of host publication	Non disponibile titolo, ma contributo presente su sito SIE
Pages	1-23
Number of pages	23
Publication status	Published - 2013
Event	Società Italiana degli Economisti - Annual Conference - 2013 - Bologna Duration: 24 Oct 2013 → 26 Oct 2013

Conference

Conference	Società Italiana degli Economisti - Annual Conference - 2013
City	Bologna
Period	24/10/13 → 26/10/13

Keywords

Agglomeration and knowledge externalities
EU convergence

Cite this

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title = "Knowledge Externalities, Agglomeration and Regional Development in the EU: Motivating Place-Based Regional Intervention",

abstract = "Human capital, knowledge accumulation and agglomeration externalities are indicated as prominent sources of increasing returns. Their simultaneous contribution to regional development is investigated in this paper accounting for non-linearity, threshold effects and spatial dependence. Based on EU25 regional data (1995-2007), results highlight differentiated growth patterns for less and more developed regions, the effect of externalities being considerable in the latter case. The evidence weakly relate externalities to agglomeration, suggesting it is neither necessary nor sufficient for regional growth. Externalities are, oppositely, related to knowledge accumulation and human capital. With this respect, existing gaps are identified as the most relevant cause of the economic disadvantage of lagging regions. This, in turn, strengthens the arguments in favour of a place-based approach to regional policy.",

keywords = "Agglomeration and knowledge externalities, EU convergence, Agglomeration and knowledge externalities, EU convergence",

author = "Francesco Timpano and Giovanni Guastella",

year = "2013",

language = "English",

pages = "1--23",

booktitle = "Non disponibile titolo, ma contributo presente su sito SIE",

note = "Societ{\`a} Italiana degli Economisti - Annual Conference - 2013 ; Conference date: 24-10-2013 Through 26-10-2013",

}

TY - GEN

T1 - Knowledge Externalities, Agglomeration and Regional Development in the EU: Motivating Place-Based Regional Intervention

AU - Timpano, Francesco

AU - Guastella, Giovanni

PY - 2013

Y1 - 2013

N2 - Human capital, knowledge accumulation and agglomeration externalities are indicated as prominent sources of increasing returns. Their simultaneous contribution to regional development is investigated in this paper accounting for non-linearity, threshold effects and spatial dependence. Based on EU25 regional data (1995-2007), results highlight differentiated growth patterns for less and more developed regions, the effect of externalities being considerable in the latter case. The evidence weakly relate externalities to agglomeration, suggesting it is neither necessary nor sufficient for regional growth. Externalities are, oppositely, related to knowledge accumulation and human capital. With this respect, existing gaps are identified as the most relevant cause of the economic disadvantage of lagging regions. This, in turn, strengthens the arguments in favour of a place-based approach to regional policy.

AB - Human capital, knowledge accumulation and agglomeration externalities are indicated as prominent sources of increasing returns. Their simultaneous contribution to regional development is investigated in this paper accounting for non-linearity, threshold effects and spatial dependence. Based on EU25 regional data (1995-2007), results highlight differentiated growth patterns for less and more developed regions, the effect of externalities being considerable in the latter case. The evidence weakly relate externalities to agglomeration, suggesting it is neither necessary nor sufficient for regional growth. Externalities are, oppositely, related to knowledge accumulation and human capital. With this respect, existing gaps are identified as the most relevant cause of the economic disadvantage of lagging regions. This, in turn, strengthens the arguments in favour of a place-based approach to regional policy.

KW - Agglomeration and knowledge externalities

KW - EU convergence

KW - Agglomeration and knowledge externalities

KW - EU convergence

UR - http://hdl.handle.net/10807/63234

M3 - Conference contribution

SP - 1

EP - 23

BT - Non disponibile titolo, ma contributo presente su sito SIE

T2 - Società Italiana degli Economisti - Annual Conference - 2013

Y2 - 24 October 2013 through 26 October 2013

ER -

Knowledge Externalities, Agglomeration and Regional Development in the EU: Motivating Place-Based Regional Intervention

Abstract

Conference

Keywords

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