Prague Economic Papers 2016, 25(5):509-526 | DOI: 10.18267/j.pep.574

The Impact of Economic Crisis on Convergence Processes in European Union Regions

Beata Bal-Domańska
Department of Regional Development, Wrocław University of Economics, Jelenia Góra, Poland (beata.bal-domanska@ue.wroc.pl).

The effects of the financial crisis, that started in 2008 and first emerged on the American housing market, have been experienced by many European economies. The purpose of this article is to attempt to measure and assess the sensitivity of convergence processes to crisis in European Union's regional economies taking into consideration their sectoral structure. Particular resistance to crisis is associated with the presence of "modern" sectors of the economy. The study covers the panel of the European Union NUTS-2 level regions in the period 2005-2011. In the analysis, the application of panel data allows for inclusion of the specific non-measurable aspects characteristic for particular regions and time.

Keywords: European Union, convergence, economic crises, smart specialisation
JEL classification: C23, O47, R11, R15

Published: January 1, 2016  Show citation

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Bal-Domańska, B. (2016). The Impact of Economic Crisis on Convergence Processes in European Union Regions. Prague Economic Papers25(5), 509-526. doi: 10.18267/j.pep.574
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