The last five decades saw several waves in the process of European integration and it is not surprising that the issue of convergence within the EU has received considerable attention in regional economic analysis. Most studies still regard regions as isolated in space, and spatial dependencies...

This paper revisits the ubiquitous bi-proportional gravity model and investigates the reasons why different theoretical frameworks may lead to the same empirical formula. The generic gravity equation possesses scale invariance symmetries that constrain possible theoretical explanations based on...

This study applies a novel way of measuring, quantifying and modelling the systemic risk within the financial system. The magnitude of risk spill over effects is gauged by introducing a specific weighting scheme. This approach originally stems from spatial econometrics. The methodology allows...

Shift-share analysis is a decomposition technique that is commonly used to measure attributes of regional change. In this method, a large region is decomposed into its relevant functional and regional parts. By decomposing smaller regions embedded in a large region, it allows us to understand...

Taking a Bayesian perspective on model uncertainty for static panel data models proposed in the spatial econometrics literature considerably simplifies the task of selecting an appropriate model. A wide variety of alternative specifications that include various combinations spatial dependence in...

The 2012 EGTC Monitoring Report is the result of a yearly exercise commissioned by the Committee of the Regions (CoR) and carried out in connection with the Platform of the European Groupings of Territorial Cooperation (EGTC). In line with Regulation (EC) 1082/2006, the Monitoring Report aims to...

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...