Spatial Dynamics of European Integration

by Fischer, Manfred M.; Nijkamp, Peter

• ISBN13: 9783540658177
• ISBN10: 3540658173
• Format: Hardcover
• Copyright: 1999-08-01
• Publisher: Springer Verlag

Summary

Presents contributions from the 38th European Congress of the Regional Science Association held in Vienna, Austria, August 28-September 1, 1998. Topics range from methodologies and perspectives adopted make for a wide-ranging presentation for the economic theorist, the economic regional scientist, and national or regional policy-makers.

Table of Contents

Preface	v
Spatial Dynamics of European Economic Integration: Prologue	1	(354)
Manfred M. Fischer
Peter Nijkamp
PART A: European Monetary Unification and Implications
Winners and Losers in the European Monetary Union: A Neural Network Analysis of Industrial Spatial Shifts
Peter Nijkamp
Shunli Wang
Prologue	13	(3)
Pareto Optimality in an Optimum Currency Area	16	(3)
The Regional-Industrial Dimension of Monetary Integration	19	(3)
Framework of the Analysis	22	(3)
Empirical Analysis	25	(7)
Concluding Remarks	32	(3)
References	33	(2)
Costs of European Monetary Union: Evidence of Monetary and Fiscal Policy Effectiveness
Helene Schuberth
Gert D. Wehinger
Introduction	35	(2)
The Structural Model	37	(3)
Empirical Results	40	(5)
Conclusions	45	(18)
Appendix A: Structural Vector Autoregression	47	(3)
Appendix B: Figures and Tables	50	(10)
Endnotes	60	(1)
References	61	(2)
Specialisation in Europe and Asymmetric Shocks: Potential Risks of EMU
Raul Ramos
Miquel Clar
Jordi Surinach
Introduction	63	(4)
The Analysis of Output Correlations	67	(5)
The Relevance of Sectoral (Supply) and National (Demand) Shocks	72	(3)
Supply and Demand Shocks: The Bayoumi and Eichengreen Model (1992, 1996)	75	(5)
The Instability of Economic Relationships: Changing Asymmetries	80	(9)
Conclusions	89	(5)
Appendix: Productive Structure of European Countries	90	(1)
References	91	(3)
The Regional Impact of the Single Currency
Martin Hallet
Introduction	94	(1)
The Static Integration Effects of the Euro on the Regions	95	(3)
The Dynamic Integration Effects of the Euro on the Regions	98	(6)
Conclusions	104	(6)
Appendix: Methodology Applied for the Calculation of Regional Exchange Cost Savings from the Single Currency	105	(2)
Endnotes	107	(1)
References	108	(2)
Trade and Investments in the EMU Regions
Dino Martellato
Introduction	110	(3)
Regional Trade Balance and Investment	113	(2)
Trade Balance and Capital Mobility in the Long Run	115	(3)
Real Exchange Rates and Sustainable Debt	118	(2)
W-P Rigidities, Profit Margins and the Fitoussi Oxymoron	120	(4)
Summary	124	(5)
Endnotes	126	(1)
References	127	(2)
Convergence of European Financial Systems: Banks or Equity Markets?
Victor Murinde
Juda Agung
Andy Mullineux
Introduction	129	(3)
Modelling Convergence of Banking Systems and Equity Markets	132	(3)
Empirical Results	135	(4)
Concluding Remarks	139	(6)
Endnotes	140	(1)
References	141	(4)
PART B: Economic Integration, Cohesion and Regional Policy
The Dynamics of Economic Integration and Cohesion in the EU: Experiences from the Past and Challenges for the Future
Willem Molle
Introduction	145	(1)
Foundations of the EU System	146	(4)
Elaboration of the EU System: Learning from the Experience of the Past	150	(6)
Recasting the EU System for Coping with the Challenges of the Future	156	(7)
Endnotes	160	(1)
References	161	(2)
The Control of Regional State Aid under EU Competition Policy and Its Effects on Economic and Social Cohesion
Carmen Benavides
Margarita Arguelles
Introduction	163	(1)
The Main Characteristics of the Regional Incentives Programmes in Europe	164	(3)
The EU Competition Policy and Regional Aid: Prospectives for the Year 2000	167	(4)
The Role of Regional Aid in Social and Economic Cohesion in the EU	171	(5)
Conclusions	176	(3)
Endnotes	177	(1)
References	177	(2)
On-Going European Integration and the Position of the Regions: An Analysis of the Process and Some Possible Future Scenarios
Hendrik Vos
Introduction	179	(1)
The Evolution of the Regions so Far	180	(3)
The Challenges for the Union and the Consequences for the Regions	183	(6)
The Institutional Setting: Towards a Europe of the Regions?	189	(4)
Conclusions	193	(4)
Endnotes	194	(1)
References	194	(3)
Convergence, Dualism and Regional Disparities: The Italian Case
Stefano Casini Benvenuti
Alessandro Cavalieri
Renato Paniccia
Introduction	197	(1)
Regional Inequality in Italy: The Main Features	198	(2)
The Neo-Classical Convergence Equation and the Italian Case	200	(2)
Some Statistical Evidence	202	(4)
Conclusions	206	(3)
Endnote	207	(1)
References	207	(2)
Capital and Labour Productivity Convergence of Manufacturing Industry in the Regions of Greece
Konstantinos A. Melachroinos
Nigel Spence
Introduction	209	(1)
Spatially Uneven Industrial Growth and Productivity	210	(4)
Measuring Productivity Growth	214	(2)
Manufacturing Productivity Convergence in Greek Regions	216	(10)
Towards an Explanation of the Convergence Trends	226	(6)
Conclusions	232	(4)
References	233	(3)
Prospects of the Finnish Regional Development under EMU and Deepening Integration
Marko Ovaskainen
Introduction	236	(1)
The Concept of EMU-Sensitivity	237	(2)
Regional EMU-Sensitivity in Finland	239	(10)
Conclusions	249	(6)
Endnotes	250	(1)
References	250	(5)
PART C: Community Enlargement Towards Central and Eastern Europe: Problems and Prospects
The Problem of Transition and Reintegration of East and Central Europe: Conceptual Remarks and Empirical Problems
Andreas P. Cornett
Introduction	255	(1)
The Concept of Regional Integration	256	(9)
Towards Trans-European Integration?	265	(2)
The Process of Reintegration	267	(8)
Concluding Remarks	275	(5)
Endnotes	277	(1)
References	278	(2)
The Central and Eastern European Union Enlargement and the EMU: Nominal Convergence and the Optimum Currency Areas Approach
Joan Costa Font
Joan Batalla Bejerano
Introduction	280	(2)
Orientation Towards the EU	282	(7)
The Nominal Convergence Process and Transition Strategies: The Maastricht Criteria for CEECs	289	(5)
The CEECs and the Optimum Currency Areas Approach	294	(4)
Conclusions	298	(2)
References	299	(1)
The Dutch Golden Age and the Rise of Capitalism in Central and Eastern Europe: A Neo-Institutional Comparative Analysis
Piet de Vries
Raymond J.G.M. Florax
Introduction	300	(2)
Neo-Institutionalism: Institutions and Economic Growth	302	(3)
Generic Features of the Modern Capitalist Economy	305	(2)
The Interplay Between Institutions and Economic Growth	307	(9)
Conclusions	316	(3)
References	317	(2)
Economic Impacts of the EU Enlargement on Austrian Regions
Peter Mayerhofer
Gerhard R.M. Palme
The Challenge: Overcoming the `Economic Fault Line' in Europe	319	(1)
Strengthening the Hinterland: A Macro-Economic Advantage of Eastern Enlargement Available to Austria and Its Regions	320	(8)
Effects on Regional Manufacturing	328	(6)
The Challenge of a Change in the Trade in Services Regime	334	(9)
Effects on Regional Labour Markets	343	(3)
Conclusions for Regional Economies	346	(9)
References	352	(3)
Subject Index	355	(4)
Author Index	359	(6)
List of Contributors	365