Regional Income Differences and their Evolution after EU Accession. The Evidence from Visegrad Countries
Journal Title: Journal of Competitiveness - Year 2018, Vol 10, Issue 4
Abstract
The aim of this paper is to determine the regional convergence process in Visegrad (V4) economies after their accession to the EU at the NUTS3 level. The study uses kernel density estimation for 114 regions in V4 countries. The research period covered the years 2004-2015. The results show that all V4 economies except for Hungary reduced the distance to the EU-28 average over the period considered. The external convergence process was accompanied by an increase in income inequalities at the regional level. In all the countries, the estimated distributions of regional income were bimodal, with the clearly marked second mode related to the capital region. The obtained research results should be an indication of economic decisions in the context of regional (also known as cohesion) policy and economic competitiveness. This paper contributes to the existing literature in three ways. First, the study was conducted at the NUTS3 level, which is currently the lowest possible level of disaggregation. Second, the analysis covered both the period before and after the global financial crisis. Third, the results of the internal convergence study are not biased by the method used, as this method has already been tested in previous research for a group of large European economies.
Authors and Affiliations
Małgorzata Kokocinska, Marcin Puziak
Keywords
Related Articles
- EP ID EP432745
- DOI 10.7441/joc.2018.04.06
- Views 131
- Downloads 0
Identification of Managerial Competencies in Knowledge-based Organizations
Managerial competencies identification and development are important tools of human resources management that is aimed at achieving strategic organizational goals. Due to current dynamic development and changes, more and...
On Some Aspects of Territorial Competitiveness: Smart Specialization in the Zlín 2020 Strategy
Territorial competitiveness is a development concept often cited these days. Currently, smart specialization represents a politically influential concept how to stimulate territorial competitiveness. This article deals w...
Requirements for Brand Managers and Product Managers Responsible for Competitiveness of Product and Brands
Competitiveness of a product and care of a brand value are mainly the work of product managers and brand managers who play a major role in creating a competitive advantage of their companies. The aim of the paper is to p...
The Role of Customers’ Involvement in Value Co-creation Behaviour is Value Co-creation the Source of Competitive Advantage?
According to service dominant logic (SDL), customers are always active participants and collaborative partners in exchanges; therefore we should focus on the elements of consumer behaviour that are connected with the val...
Pecking at Pecking Order Theory: Evidence from Pakistan’s Non-financial Sector
This study tests the Pecking Order Theory for the capital structure of listed firms in Pakistan. As per Pecking Order Theory in capital structure formulation, internally generated resources would have first priority, fol...