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Sectoral diversification as insurance against economic instability

Kluge, Jan - 2015

This paper examines the extent to which sectoral diversification can act as an insurance mechanism against fluctuations in regional gross value added growth rates. I apply portfolio theory to the growth-instability properties of German districts. Furthermore, I define a comprehensive...

Persistent link: https://www.econbiz.de/10011340174

Increasing returns, decreasing returns and regional economic convergence in the EU : prepared for the 52nd ERSA Congress, August 21-25, Bratislava

Guastella, Gianni; Timpano, Francesco - 2012 - Draft version

which regional development originates from the (un)balance between convergence, driven by diminishing returns and divergence …

Persistent link: https://www.econbiz.de/10011516485

Regionale Entwicklung mit und ohne räumliche Spillover Effekte

Eckey, Hans-Friedrich; Kosfeld, Reinhold; Türck, Matthias - 2005

Der wirtschaftliche Entwicklungsstand von Regionen hängt nicht nur von ihrer eigenen Leistungsfähigkeit ab, sondern aufgrund räumlicher Überschwappeffekte auch von jener angrenzender Wirtschaftsräume. Positive Spillovers (Lieferverflechtungen, Nutzung der Infrastruktur in Nachbarregionen u....

Persistent link: https://www.econbiz.de/10010263279

Cross-sectional space-time modeling using ARNN(p, n) processes

Kakamu, Kazuhiko; Polasek, Wolfgang - 2007

We suggest a new class of cross-sectional space-time models based on local AR models and nearest neighbors using distances between observations. For the estimation we use a tightness prior for prediction of regional GDP forecasts. We extend the model to the model with exogenous variable model...

Persistent link: https://www.econbiz.de/10010294016

Convergence and the effects of spatial interaction

Niebuhr, Annekatrin - 2000

Since the beginning of the 1990s, the issue of income convergence has received considerable attention in economic … scarce. The present paper is an attempt to provide additional information on the spatial aspect of convergence. Spatial … econometric methods are used to investigate regional convergence in West Germany. The results indicate that spatial interaction is …

Persistent link: https://www.econbiz.de/10010295602

Regional Income Convergence in the Enlarged Europe, 1995-2000: A Spatial Econometric Perspective

Fischer, Manfred M.; Stirböck, Claudia - 2004

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

Regional Population-Employment Dynamics across Different Sectors of the Economy

de Graaff, Thomas; van Oort, Frank G.; Florax, Raymond … - 2011

An important subset of the literature on agglomeration externalities hypothesizes thatintrasectoral and intersectoral relations are endogenously determined in models of localand regional economic growth. Remarkably, structural adjustment models describing thespatio-temporal dynamics of...

Persistent link: https://www.econbiz.de/10010326283

Interpretation of structural parameters for models with spatial autoregression

Pietrzak, Michał Bernard - 2013

The main purpose of the article is to consider a important issue of spatial econometrics which is a proper interpretation of structural parameters of econometric models with spatial autoregression. The problem will be considered based on the example of the spatial SAR model. Another purpose of...

Persistent link: https://www.econbiz.de/10011997008

Spatial impact of transportation infrastructure : a spatial econometric CGE approach

Chen, Zhenhua - 2013

Persistent link: https://www.econbiz.de/10011581560

Is spatial bootstrapping a panacea for valid inference?

Klarl, Torben - 2013

Bootstrapping methods have so far been rarely used to evaluate spatial data sets. Based on an extensive Monte Carlo study we find that also for spatial, cross-sectional data, the wild bootstrap test proposed by Davidson and Flachaire (2008) based on restricted residuals clearly outperforms...

Persistent link: https://www.econbiz.de/10010239512