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The Impact of Economic Crisis on Convergence Processes in European Union Regions

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  • Beata Bal-Domańska

Abstract

The effects of the financial crisis, that started in 2008 and first emerged on the American housing market, have been experienced by many European economies. The purpose of this article is to attempt to measure and assess the sensitivity of convergence processes to crisis in European Union's regional economies taking into consideration their sectoral structure. Particular resistance to crisis is associated with the presence of "modern" sectors of the economy. The study covers the panel of the European Union NUTS-2 level regions in the period 2005-2011. In the analysis, the application of panel data allows for inclusion of the specific non-measurable aspects characteristic for particular regions and time.

Suggested Citation

  • Beata Bal-Domańska, 2016. "The Impact of Economic Crisis on Convergence Processes in European Union Regions," Prague Economic Papers, Prague University of Economics and Business, vol. 2016(5), pages 509-526.
    • Handle: RePEc:prg:jnlpep:v:2016:y:2016:i:5:id:574:p:509-526
    DOI: 10.18267/j.pep.574
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    More about this item

    Keywords

    European Union; convergence; economic crises; smart specialisation;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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