Spatial growth volatility and age-structured human capital dynamics in Europe

We study dynamic output co-movements in Europe in a spatial setting where proportion of human capital and its appropriation pattern in production define distance among countries. Significant spatial output and shock correlations are found suggesting possible welfare-enhancing cross-country policy coordination.

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Year of publication:	2009
Authors:	Parhi, Mamata ; Mishra, Tapas
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 3, p. 181-184
Publisher:	Elsevier
Keywords:	Spatial growth volatility Non-linear growth Age-structured human capital Semi-parametric VAR

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005257547