Agglomeration economies in European regions: perspectives for objective 1 regions

T. Dogaru, F.G. van Oort, M. Thissen

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Economic growth is one of the main European policy objectives of structural funds targeted at objective 1 regions. In an empirical analysis on growth differentials over 219 European regions between 2000 and 2010, we find that – controlled for other determinants – objective 1 regions grow in productivity due to higher degrees of specialisation, while other regions grow faster in employment, being embedded in a diverse economic environment. We argue that the type of agglomeration economies in combination with the structure of the economy is crucial for future long-term development prospects of regions – and that especially the larger objective 1 regions should diversify their economy more to reap long-term convergence prospects. This outcome favours a focus on place-based development, as advocated recently by the European Union
Original languageEnglish
Pages (from-to)486-494
Number of pages9
JournalTijdschrift Voor Economische en Sociale Geografie
Volume102
Issue number4
DOIs
Publication statusPublished - 2011

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