Does China’s green economic recovery generate a spatial convergence trend: an explanation using agglomeration effects and fiscal instruments

Speed of Convergence And Economic Policy Instruments

This article presents an innovative methodology to empirically evaluate the response of the rate of convergence in the neoclassical growth model to changes in the conditional factors. We apply this method to test the sensitivity of the speed of convergence in the EU-15 during the period 1980-2002 to increases in human and public capital. INTRODUCTION The relation between private productivity an...

The Survey of Economic Convergence and Spillover Effects between EU and Mediterranean Countries: a Spatial Econometric Perspective

Does Cournot Competition Necessarily Yield Spatial Agglomeration

Recent work suggests that Cournot oligopolists competing in a spatial model, with a uniform distribution of consumers, agglomerate in the center of the market. In this paper we analyze the robustness of this result with a general symmetric distribution of consumers and show that if the population density is "too thin" at the center of the market, then Cournot competition does not yield spatial ...

Agglomeration, Spatial Interaction and Convergence in the EU

We investigate the convergence process among EU regions between 1980-2002 taking into account the effects of spatial heterogeneity and spatial spillover effects. The spatial regimes model allows for different steady-state growth paths. In contrast to previous analyses, the regimes in this paper refer to spatial categories, i.e. we assume that agglomerations, urbanised and rural regions are char...

Agglomeration , tax competition , and fiscal equalization

This paper analyzes the impact of fiscal equalization on asymmetric tax competition when positive agglomeration externalities are present. It shows that equalization of standardized tax revenue improves the spatial allocation of capital provided that agglomeration externalities are sufficiently strong. JEL Classification: R12, H71, H73.