Economics, Econometrics and Finance
8 years ago

Tech and income convergence in Europe boosts regional prosperity

Research Policy
The dispersion of technology and income in Europe: Evolution and mutual relationship across regions
Carlos Mulas‐Granados, Ismael Sanz

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The article explores if technology and income levels in European regions have become more similar over time. The researchers found that technology and income per person have indeed become more similar across regions from 1990 to 2002. They also discovered that regions with similar levels of business research and development (R&D) tend to have similar numbers of patents, which then leads to similar income levels. This suggests that investing in R&D can help regions grow economically.