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Regional convergence in Greece in the 1980s: an econometric investigation

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  • Leo Michelis
  • Athanasios Papadopoulos
  • Gregory Papanikos

Abstract

The purpose of this paper is to evaluate empirically regional convergence in Greece during the 1981-1991 period of participation in the European Economic Community (EEC). Census data at NUTS III level of regional disaggregation are used. A number of structural policies undertaken in the 1980s, motivated by membership in the EEC, were conducive to regional convergence among the 51 NUTS III regions of Greece. Four different dependent variables and three model specifications are used to test the hypothesis of regional convergence. The overall evidence does not reject the idea of regional convergence. The estimated convergence coefficients are relatively similar across the three model specifications but they vary with the dependent variable used to measure convergence.

Suggested Citation

  • Leo Michelis & Athanasios Papadopoulos & Gregory Papanikos, 2004. "Regional convergence in Greece in the 1980s: an econometric investigation," Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 881-888.
    • Handle: RePEc:taf:applec:v:36:y:2004:i:8:p:881-888
    DOI: 10.1080/0003684042000191093
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    Cited by:

    1. Mustafa Gömleksiz & Ahmet Şahbaz & Birol Mercan, 2017. "Regional Economic Convergence in Turkey: Does the Government Really Matter for?," Economies, MDPI, vol. 5(3), pages 1-16, July.
    2. Muhammad Ramzan Sheikh & Iram Mushtaq & Asad Abbas & Sana Sultan, 2024. "Convergence Hypothesis and Economic Growth in ECO Countries: An Insight from MM-QR Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 89-104.
    3. Soukiazis, Elias & Antunes, Micaela, 2011. "Is foreign trade important for regional growth? Empirical evidence from Portugal," Economic Modelling, Elsevier, vol. 28(3), pages 1363-1373, May.
    4. Rebeca Jimenez-Rodriguez & Marcelo Sanchez, 2009. "Oil shocks and the macro-economy: a comparison across high oil price periods," Applied Economics Letters, Taylor & Francis Journals, vol. 16(16), pages 1633-1638.
    5. Nicola D. Coniglio & Francesco Prota, 2011. "Economic Crises and Regional Convergence in the EU: An Exploration of Facts, Theories and Policy Implications," Chapters, in: Wim Meeusen (ed.), The Economic Crisis and European Integration, chapter 5, Edward Elgar Publishing.
    6. Ahmet Kýndap & Tayyar Dogan, 2019. "Regional Economic Convergence and Spatial Spillovers in Turkey," International Econometric Review (IER), Econometric Research Association, vol. 11(1), pages 1-23, April.
    7. Ji Kim, 2007. "Regional convergence and efficiency in Korea," Applied Economics Letters, Taylor & Francis Journals, vol. 15(1), pages 57-60.
    8. Mikael Bask & Jens Lundgren & Niklas Rudholm, 2009. "Market power in the expanding Nordic power market," Applied Economics, Taylor & Francis Journals, vol. 43(9), pages 1035-1043.
    9. Angelos Liontakis & Christos T. Papadas & Irene Tzouramani, 2011. "Regional Economic Convergence in Greece: A Stochastic Dominance Approach," ERSA conference papers ersa10p1188, European Regional Science Association.
    10. Yorucu, Vedat & Katircioğlu, Salih Turan, 2014. "Radioactive convergence of nuclear leakage in Fukushima: Economic impact analysis of triple tragic events," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 400-409.
    11. Vedat Yorucu, 2013. "Income Convergence of Central Asian Turkic Republics: A Panel Study for Beta and Sigma Convergences for Six Asian Economies," Economic Papers, The Economic Society of Australia, vol. 32(2), pages 258-264, June.
    12. Panagiotis Liargovas & Georgios Fotopoulos, 2009. "Socioeconomic Indicators for Analyzing Convergence: The Case of Greece: 1960–2004," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 93(2), pages 315-330, September.
    13. Seda ÖZGÜL & Metin KARADAĞ, 2015. "Regional Convergence in Turkey Regarding Welfare Indicators," Sosyoekonomi Journal, Sosyoekonomi Society, issue 23(24).
    14. Benos, Nikos & Karagiannis, Stelios, 2016. "Do education quality and spillovers matter? Evidence on human capital and productivity in Greece," Economic Modelling, Elsevier, vol. 54(C), pages 563-573.
    15. Ilias Livanos, 2010. "The Wage-Local Unemployment Relationship in a Highly Regulated Labour Market: Greece," Regional Studies, Taylor & Francis Journals, vol. 44(4), pages 389-400.
    16. Gregory T. Papanikos, 2022. "Greece in the Eurozone: An Evaluation of the First Two Decades," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 8(2), pages 177-192, April.
    17. Theodoros Arvanitopoulos & Vassilis Monastiriotis & Theodore Panagiotidis, 2021. "Drivers of convergence: The role of first- and second-nature geography," Urban Studies, Urban Studies Journal Limited, vol. 58(14), pages 2880-2900, November.
    18. Benos, Nikos & Karagiannis, Stelios, 2013. "Do Cross-Section Dependence and Parameter Heterogeneity Matter? Evidence on Human Capital and Productivity in Greece," MPRA Paper 53326, University Library of Munich, Germany.

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