The Economic Geography of EU Income: Evolution Since the Eighties
19 Pages Posted: 27 Nov 2004
Date Written: 2004
This paper evaluates the role that geography plays in determining the spatial distribution of EU income. We argue that geography matters for income disparities among EU regions, providing evidence that the geography of access to markets is statistically significant and quantitatively important in explaining cross-regions variation in EU per capita income. However, we also proved that its explanatory power in the levels of EU per capita income has been decreasing since the eighties. Thus, dynamic income regions have also emerged in the periphery, and need not necessarily be close to rich regions.
Keywords: Economic Development, Economic Geography, Spatial structure
JEL Classification: F12, F14
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