Economic Growth in the Regions of Europe

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The book explores the intersection of neoclassical growth theory and spatial economics, addressing the limitations of treating regional economies as independent entities. It presents a formal model that incorporates interregional capital relocations influenced by geographic positioning. The analysis highlights the impact of initial human capital endowments on economic output evolution, revealing potential convergence and divergence trends. Empirical validation is conducted using a spatial econometric model across 255 European regions, providing insights into the dynamics of regional economic growth.