Albalate, Daniel;
Bel, Germa;
Mazaira-Font, Ferran A;
(2022)
Geography and regional economic growth: The high cost of deviating from nature.
Journal of Regional Science
, 62
(2)
pp. 360-388.
10.1111/jors.12568.
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Abstract
We analyze the role of nature and geography in determining economic and social outcomes. We propose a theoretical model relating geography and nature to economic growth, and examine that model using data from NUTS 2 European regions. By doing this, we identify the predictive power of first-nature variables to explain regional population distribution. Then we analyze the effects of misadjustment between the actual and predicted distribution of populations on economic performance. Our results indicate that deviating from first-nature outcomes has a significant negative effect on economic growth. The main policy implication emerging from our analysis is that strategies that harmonize with nature and geography yield better social welfare than those policies that conflict with them.
| Type: | Article |
|---|---|
| Title: | Geography and regional economic growth: The high cost of deviating from nature |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1111/jors.12568 |
| Publisher version: | https://doi.org/10.1111/jors.12568 |
| Language: | English |
| Additional information: | © 2021 The Authors. Journal of Regional Science published by Wiley Periodicals LLC This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
| Keywords: | conditional convergence, geography, growth, inequality, institutions, nature, population |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10217681 |
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