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The European Regional Convergence Process, 1980-1995: Do Spatial Regimes and Spatial Dependence Matter?

Baumont, Catherine; Ertur, Cem; Gallo, Julie Le - EconWPA - 2002

We show in this paper that spatial dependence and spatial heterogeneity matter in the estimation of the b-convergence … dependence and spatial heterogeneity in the form of structural instability across spatial convergence clubs. The estimation of … the appropriate spatial regimes spatial error model shows that the convergence process is different across regimes. We …

Persistent link: https://www.econbiz.de/10005556337

SPATIAL AND SECTORAL PRODUCTIVITY CONVERGENCE BETWEEN EUROPEAN REGIONS, 1975-2000

Gallo, Julie Le; Dall'erba, Sandy - EconWPA - 2005

to the concepts of ƒã- and ƒÒ-convergence and emphasizes the importance of including spatial effects and a disaggregated … analysis at a sectoral level. We detect a significant -convergence only in aggregate labor productivity and in the services … sectors among peripheral regions. We also show that omitting spatial effects leads to biased measures of -convergence. We then …

Persistent link: https://www.econbiz.de/10005119010

Spatial Clustering, Inequality and Income Convergence

Janikas, Mark V.; Rey, Sergio J. - EconWPA - 2005

This paper examines the relationship between spatial clustering and inequality at the county scale with overall state per capita income in the U.S. over the period 1969-2000. For each of the 48 coterminous states we examine measures of inequality and spatial clustering and explore how a state's...

Persistent link: https://www.econbiz.de/10005062513

Tax Burden and the Mismeasurement of State Tax Policy

Reed, W. Robert; Rogers, Cynthia L. - EconWPA - 2005

Tax Burden, defined as the ratio of total tax revenues over personal income, is prominently used to summarize state tax policy. We analyze the empirical relationship between changes in Tax Burden and changes in state tax policy from 1987 to 2000 – as measured by states’ own forecasts of the...

Persistent link: https://www.econbiz.de/10005556950

Communism and Economic Modernization

Harrison, Mark - Department of Economics, University of Warwick - 2012

The paper examines the range of national experiences of communist rule in terms of the aspiration to ‘overtake and outstrip the advanced countries economically’. It reviews the causal beliefs of the rulers, the rise and fall of their economies (or, in the case of China, its continued rise),...

Persistent link: https://www.econbiz.de/10010758449

China's Provincial Growth Dynamics

Aziz, Jahangir; Duenwald, Christoph - EconWPA - 2001

China’s rapid overall growth since 1978 masks significant differences in relative economic performance across its provinces. This paper finds that, while per capita income of poor provinces are catching up with those in the rich, the relative income distribution appears to be stratifying into...

Persistent link: https://www.econbiz.de/10005550986

The (Much Understated) Quantitative Role of Capital Accumulation and Saving

Verdier, Genevieve - EconWPA - 2005

Can factor accumulation still help us understand differences in capital inflows and income across countries? This paper offers a quantitative evaluation of neoclassical models of growth with collateral constraints. Previous work has found evidence that supports the qualitative predictions of...

Persistent link: https://www.econbiz.de/10005561274

Imitation and the Emergence of Nash Equilibrium Play in Games with Many Players

Cartwright, Edward - Department of Economics, University of Warwick - 2003

We model a learning dynamic in which players imitate and innovate. Of interest is to question whether Nash equilibrium play emerges, and if so, the role that imitation plays in this emergence. Our main result provides a general class of coordination games for which approximate Nash equilibrium...

Persistent link: https://www.econbiz.de/10005368642

Spatial Dependence in the Evolution of Regional Income Distributions

Rey, Sergio J. - EconWPA - 2001

This paper introduces three measures of spatial dependence for use in the analysis of regional income distributions and their evolution. The first builds upon the notion of regional conditioning (Quah 1993), and is derived as a trace statistic from a modified Markov transition matrix. The...

Persistent link: https://www.econbiz.de/10005124888

An empirical note on growth and convergence across Russian regions

Solanko, Laura - EconWPA - 2003

This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … regions. Using data for 1992-2001, we find strong sigma divergence simultaneously with beta convergence. he results indicate …

Persistent link: https://www.econbiz.de/10005125010