Regional economic disparities in Europe: time-series clustering of NUTS 3 regions

The aim of this research is to identify the regional economic disparities in the level of economic wealth and its dynamics in the NUTS 3 regions in EU28 over the period from 2000 to 2017. By performing a time-series clustering analysis at NUTS 3 level, we expect to uncover the economic disparities t...

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Detalles Bibliográficos
Autores: López-Villuendas, Ana María, Del Campo Campos, Cristina
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/103052
Acceso en línea:https://hdl.handle.net/20.500.14352/103052
Access Level:acceso abierto
Palabra clave:Time-series Clustering
European NUTS 3 Regions
Cohesion Policy
Regional inequalities
Política europea de desarrollo
Integración económica
Desarrollo económico
5310.91 Economía Internacional: Área Europea
5309.02 Integración Económica
3329.05 Desarrollo Regional
5307.04 Estudios del desarrollo Económico
Descripción
Sumario:The aim of this research is to identify the regional economic disparities in the level of economic wealth and its dynamics in the NUTS 3 regions in EU28 over the period from 2000 to 2017. By performing a time-series clustering analysis at NUTS 3 level, we expect to uncover the economic disparities that might have been hidden in the aggregate NUTS 2 regions. Our results indicate that at a finer spatial scale (NUTS 3 level) disparities flourish, particularly in the period after the global crisis of 2008, in which different recovery rates are observed. In general, NUTS 2 regions tend to spatially cluster at the national level and, although NUTS 3 regions show slightly this tendency as well, the spatial effect is not as strong as it is for NUTS 2 level, revealing specific behaviours of the local economies and markets that remain hidden at the aggregate NUTS 2 level.