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Modeling Regional Growth between Competitiveness and Austerity Measures

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  • Roberta Capello
  • Andrea Caragliu
  • Ugo Fratesi

Abstract

This article deals with the implementation of a new version of a macroeconometric regional growth model called MAcroeconomic, Sectoral, Social, Territorial Model (MASST). The new version presents interesting novelties with respect to the past, since it is able to embrace the two main supranational regulations with which the European Union binds decision-making processes in national economies, that is, public budget limitations and austerity measures on the one hand, and competitiveness/growth measures on the other hand. The novelties lie both in the technical way the economic crisis and its measures are formalized in a regional growth model and in the potentialities that the model achieves, namely: (i) measuring the costs of short-term austerity rules vis-Ã -vis long-term growth aims and their interactions and feedbacks; (ii) pointing out the regional heterogeneity in the effects generated by macroeconomic trends and conditions.

Suggested Citation

  • Roberta Capello & Andrea Caragliu & Ugo Fratesi, 2017. "Modeling Regional Growth between Competitiveness and Austerity Measures," International Regional Science Review, , vol. 40(1), pages 38-74, January.
    • Handle: RePEc:sae:inrsre:v:40:y:2017:i:1:p:38-74
    DOI: 10.1177/0160017614543850
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    References listed on IDEAS

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    1. Cem Ertur & Wilfried Koch, 2007. "Growth, technological interdependence and spatial externalities: theory and evidence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(6), pages 1033-1062.
    2. Roberta Capello & Ugo Fratesi & Laura Resmini, 2011. "Globalization and Regional Growth in Europe," Advances in Spatial Science, Springer, number 978-3-642-19251-7.
    3. Roberta Capello, 2007. "A forecasting territorial model of regional growth: the MASST model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(4), pages 753-787, December.
    4. Roberto Camagni & Roberta Capello (ed.), 2011. "Spatial Scenarios in a Global Perspective," Books, Edward Elgar Publishing, number 14523.
    5. Roberta Capello & Roberto Camagni & Barbara Chizzolini & Ugo Fratesi, 2008. "Modelling Regional Scenarios for the Enlarged Europe," Advances in Spatial Science, Springer, number 978-3-540-74737-6.
    6. Roberto Camagni & Roberta Capello & Andrea Caragliu, 2013. "One or infinite optimal city sizes? In search of an equilibrium size for cities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(2), pages 309-341, October.
    7. Glickman, Norman J., 1977. "Econometric Analysis of Regional Systems," Elsevier Monographs, Elsevier, edition 1, number 9780122865503 edited by Mills, Edwin S..
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    Cited by:

    1. Roberta Capello & Andrea Caragliu, 2016. "After crisis scenarios for Europe: alternative evolutions of structural adjustments," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 81-101.
    2. Steven G. Craig & Edward C. Hoang & Janet E. Kohlhase, 2023. "Adoption of Technological Change in the Public Sector: Evidence From US States," International Regional Science Review, , vol. 46(3), pages 299-327, May.
    3. Roberta Capello & Andrea Caragliu, 2021. "Regional growth and disparities in a post‐COVID Europe: A new normality scenario," Journal of Regional Science, Wiley Blackwell, vol. 61(4), pages 710-727, September.
    4. Marull, Joan & Farré, Mercè & Boix, Rafael & Palacio, Alan Bernardo & Ruiz-Forés, Núria, 2019. "Modelling urban networks sustainable progress," Land Use Policy, Elsevier, vol. 85(C), pages 73-91.
    5. Roberta Capello, 2019. "Regional Development Theories and Formalised Economic Approaches: An Evolving Relationship," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 5(1), pages 1-16, March.
    6. A. V. Kotov, 2021. "Options for the Spatial Development of Russia in the Context of Interregional Interactions," Studies on Russian Economic Development, Springer, vol. 32(3), pages 318-324, May.
    7. Markus Grillitsch & Mikhail Martynovich & Rune Dahl Fitjar & Silje Haus-Reve, 2021. "The black box of regional growth," Journal of Geographical Systems, Springer, vol. 23(3), pages 425-464, July.
    8. Roberta Capello & Andrea Caragliu, 2021. "Merging macroeconomic and territorial determinants of regional growth: the MASST4 model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 66(1), pages 19-56, February.
    9. KYDROS Dimitrios & FILENTA Pagona, 2022. "Literature Review of Economic and Regional Development through Quantitative Methods and Social Network Analysis," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    10. S. A. Suspitsyn, 2021. "Set of Methods and Procedures for Analyzing and Forecasting the Development of the Eastern Regions of the Russian Federation," Regional Research of Russia, Springer, vol. 11(1), pages 65-77, December.

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