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Regional Economic Disparities in Europe: Time-Series Clustering of NUTS 3 Regions

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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… Click to show full abstract

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.

Keywords: nuts level; regional economic; time series; series clustering; nuts regions; economic disparities

Journal Title: International Regional Science Review
Year Published: 2022

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