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The speed of income convergence in Europe remains one of the hot topics in regional economics. Recently Bayesian Model …., Feldkircher, M. (2012), 'Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe', Journal of Applied …
Persistent link: https://www.econbiz.de/10011509195
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This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in … with reality of empirical dynamics. The two-club spatial error convergence model with groupwise heteroskedasticity is found … data provide much support for unconditional ß-convergence in Europe. The second is that the usual convergence conclusions …
Persistent link: https://www.econbiz.de/10010297367
By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
Persistent link: https://www.econbiz.de/10009757366
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This paper presents a theoretical growth model that extends the Mankiw-Romer-Weil [MRW] model by accounting for technological interdependence among regional economies. Interdependence is assumed to work through spatial externalities caused by disembodied knowledge diffusion. The transition from...
Persistent link: https://www.econbiz.de/10014209753
This paper explores the contribution of knowledge capital to total factor productivity differences among regions within a regression framework. The dependent variable is total factor productivity, defined as output (in terms of gross value added) per unit of labour and physical capital combined,...
Persistent link: https://www.econbiz.de/10012707732
The recent growth in foreign direct investment (FDI) has led to a proliferation of scholarly efforts to analyse the various dimensions of this phenomenon. Two main streams of research have emerged in the literature. The first analyses the economic effects of FDI inflows in the economy of the...
Persistent link: https://www.econbiz.de/10011867027
convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …
Persistent link: https://www.econbiz.de/10011608798
Persistent link: https://www.econbiz.de/10001277852