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Technological Change, Technological Catch-Up And Market Potential: Evidence From The Eu Regions

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  • Dimitris KALLIORAS

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

  • Nickolaos TZEREMES

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

  • Panayiotis TZEREMES

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

  • Maria ADAMAKOU

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

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.

Suggested Citation

  • Dimitris KALLIORAS & Nickolaos TZEREMES & Panayiotis TZEREMES & Maria ADAMAKOU, 2021. "Technological Change, Technological Catch-Up And Market Potential: Evidence From The Eu Regions," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 135-151, June.
    • Handle: RePEc:hrs:journl:v:xiii:y:2021:i:1:p:135-151
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    Cited by:

    1. Maria Adamakou & Dimitris Kallioras & George Petrakos, 2021. "Detecting Convergence Trends among EU Universities," Economies, MDPI, vol. 9(2), pages 1-8, March.

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    More about this item

    Keywords

    technological change; technological catch-up; market potential; EU regions; nonparametric frontier analysis;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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