Regional convergence: evidence from greek regions

Abstract

The present dissertation discusses the issue of regional convergence in Greece during the period 1995-2005. Following the theoretical concept of Barro and Salla-i-Martin, 1990, (β and σ convergence concepts), several tests are conducted to test for conditional or absolute convergence across Greek Regions. The results indicate absence of convergence across NUTS II regions while there is evidence of convergence at prefectural level (NUTS III). The effect of agriculture, industry and services sector is examined with the last one to have significance impact on growth and convergence. Last, we examine the effect of the implementation of European funding programs. Analytical literature reviews, as well as comments on Greek Regional Policy are stated as part of this dissertation.