STAGES OF THE CONVERGENCE IN THE DEVELOPED EUROPEAN ECONOMIES KOKOCIŃSKA M. EDITOR Księgarnia

STAGES OF THE CONVERGENCE IN THE DEVELOPED EUROPEAN ECONOMIES

Over the last two decades, research into regional convergence has raised particular interest which is a conseąuence of the discussion on the role of regions in economic policy, newly emerged institutions, and the transformations Europę has experienced.

The ąuestions of economic growth and its outcome in the form of regional convergence are extensively discussed among economists all over the world as they allow the phenomena of regional disparities and the sources of their growth to be better understood.

The issues discussed in this study are highly up to date and very promising in terms of research. The study is a very compact presentation, where each chapter introduces new crucial content produced either as a result of an extensive overview of literature, or as that of empirical studies conducted by the authors.

Introduction (Małgorzata Kokocińska) 5

Chapter 1
ECONOMIC CONVERGENCE AT THE MESOECONOMIC LEVEL (Małgorzata Kokocińska) 9
1.1. Sectors and regions in processes of economic convergence 9
1.2. The region as an object of economic studies 16
1.3. The factors and measurement methods of regional competitiveness 23
1.4. Dilemmas concerning cohesion policy 32

Chapter 2
CONVERGENCE AND INCOME DISTRIBUTION IN THE EUROPEAN UNION'S REGIONS (_Michał Kruszka, Marcin Puziak) 39
2.1. Objective and scope of study 39
2.2. Method of testing classical hypotheses of convergence and income distribution 42
2.3. Classical(S-, and (7-convergence and income distribution in the regions of the EU-27 47
2.4. Classical />-, and <7-convergence and income distribution in the regions of the EU-15 51
2.5. Classical /?-, and er-convergence and income distribution in the 'poor' regions of the EU-15 55
2.6. Classical //-. and a-convergence and income distribution in the 'rich' regions of the EU-15 59

Chapter 3
CONVERGENCE AND REGIONAL INCOME DISTRIBUTION IN THE 'LARGE ECONOMIES' OF THE EUROPEAN UNION (Michał Kruszka, Marcin Puziak) 65
3.1. The scope and time frame of the study 65
3.2. Classical [i-, and (7-convergence and income distribution in the regions of Germany 67
3.3. Classical/?-, and cr-convergence and income distribution in the regions of France 72
3.4. Classicaland «7-convergence and income distribution in the regions of ltaly 76
3.5. Classical fi-, and t7-convergence and income distribution in the regions of Great Britain 80
3.6. Classical f)-, and a-convergence and income distribution in the regions of Spain 84
3.7. Classical fi-, and ff-convergence and income distribution in the regions of Poland 88

Chapter 4
THE APPLICATION OF BAYESIAN METHODS IN STUDIES ON ECONOMIC GROWTH IN REGIONS (Marcin Błażejowski, Jakub Gazda, Jacek Kwiatkowski) 94
4.1. The Bayesian pooling approach in linear regression models 95
4.2. The elements of Bayesian inference 97
4.3. Regression model and its estimation 99
4.4. The MC3 algorithm 101
4.5. The issue of the collinearity of explanatory variables 103

Chapter 5
THE SOURCES OF ECONOMIC GROWTH IN THE REGIONS (Jakub Gazda, Marcin Puziak) 107
5.1. Analysis of the sources of economic growth in the regions of the EU-15 114
5.2. Analysis of the sources of economic growth in the regions of the EU-5 117
5.3. Analysis of the sources of economic growth in the 'rich' regions of the EU-15 119
5.4. Analysis of the sources of economic growth in the 'poor' regions of the EU-15 120
5.5. Analysis of the sources of economic growth in the regions of Poland 122

Conclusions 126
Bibliography 129
List of tables 142
List of figur es 145

143 pages, Paperback

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