Tag: EU regions

REGIONAL BUSINESS CYCLES SYNCHRONIZATION AND REGIONAL INEQUALITIES IN THE EU

Dimitris KALLIORAS

Professor, University of Thessaly

dkallior@uth.gr

ORCID: 0000-0003-3060-3745

Spyros NIAVIS

Assistant Professor, University of Thessaly

spniavis@uth.gr

ORCID: 0000-0001-9210-9190 

George PETRAKOS

Professor, University of Thessaly

petrakos@uth.gr

 ORCID: 0000-0001-6542-6799

Maria TSIAPA

Assistant Professor, University of Thessaly

mtsiapa@uth.gr 

ORCID: 0000-0001-5852-8156

Abstract

The paper examines the impact of the synchronization of regional business cycles on the evolution of regional inequalities in the EU. The topic is crucially important given that the relation between the synchronization of regional business cycles and the evolution of regional inequalities reveals whether (and to what extent) sectoral shocks are distributed evenly or unevenly within the integrated economic space. The analysis of the paper refers to 242 EU NUTS II regions and covers the period 1990-2020. Using sound and rigorous methods of empirical analysis, the paper presents clear-cut empirical evidence that shed light on academic theory and provide valuable insight to policy making.

Keywords: EU regions, business cycles synchronization, inequalities

JEL classification: E32, R11, R15

Funding

The authors gratefully acknowledge the funding from the EU Horizon Program, project number 101061104 – ESSPIN “ECONOMIC, SOCIAL AND SPATIAL INEQUALITIES IN EUROPE IN THE ERA OF GLOBAL MEGA-TRENDS”. The opinions expressed in this document are the sole responsibility of the authors and do not necessarily represent the official position of the EU.

pp. 37-51

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TECHNOLOGICAL CHANGE, TECHNOLOGICAL CATCH-UP AND MARKET POTENTIAL: EVIDENCE FROM THE EU REGIONS

Dimitris KALLIORAS

Associate Professor, Department of Planning and Regional Development, University of Thessaly, ORCID ID: 0000-0003-3060-3745

dkallior@uth.gr

Nickolaos TZEREMES

Associate Professor, Department of Economics, University of Thessaly,ORCID ID: 0000-0002-6938-3404

bus9nt@uth.gr

Panayiotis TZEREMES

Assistant Professor, Department of Accounting and Finance, University of Thessaly, ORCID ID: 0000-0002-0746-3839

tzeremes@uth.gr

Maria ADAMAKOU

PhD Candidate, Department of Planning and Regional Development, University of Thessaly

madamakou@uth.gr

Abstract

The paper examines the way(s) market potential affects the EU regions’ technological change and technological catch-up. The analysis refers to a sample of 263 NUTS II EU regions and covers the period 1995-2008 (i.e. prior to the outburst of the economic crisis). On the basis of the latest advances of nonparametric frontier analysis, and in the presence of dynamic effects, time-dependent conditional nonparametric frontiers are developed. The incorporation of the dynamic effects of the EU regions’ market potential conditions, allows for modelling the corresponding effects on technological change and technological catch-up. The findings of the paper provide valuable insight to both theory and policy-making, revealing that, within the integrated EU space, market potential acts as a technology-initiating factor, creating asymmetric effects and leaving a distinct “spatial footprint” with respect to the processes of technological change and technological catch-up.

Keywords: technological change, technological catch-up, market potential, EU regions, nonparametric frontier analysis

JEL classification: C14, O3, R11

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