BIBLIOMETRIC ANALYSIS OF LITERATURE ON REGIONAL DEVELOPMENT AND THE CENTER- PERIPHERY MODEL IN EUROPE

This paper investigates the effect of spatial divisions and their demarcations on the formation of networks and the inadequacies of specific policy implementations in mitigating marginalization processes. Despite the controversies surrounding numerous theoretical premises, the center-periphery model remains widely accepted. Implications of these ideas by synthesizing critical findings from a vast array of prior literature using a comprehensive bibliometric analysis have been clarified. Innovation and a readjustment of regional policy are required to address the disparities between the center and the periphery. Regional development policies of the European Union aim to reconcile the socioeconomic chasm between prosperous and peripheral regions. The localization theory of regional development provides insights into the spatial distribution of firms, the dispersion of economic prosperity, and the potential for future growth. These insights provide valuable perspectives on regional policies and the factors that influence the geographical distribution of economic activity.