Summary This paper presents an overview of recently developed estimation methods for dynamic panel data models with spatial correlation. We discuss the specification, the main assumptions and the implications of the model. The most important estimation strategy is the application of Generalized...

This paper presents an overview of recently developed estimation methods for dynamic panel data models with spatial correlation.We discuss the specification, themain assumptions and the implications of themodel. Themost important estimation strategy is the application ofGeneralized Method of...

The standard approaches used in the empirical literature to test economic convergence-divergence between countries and regions are all grounded on the Mankiw-Romer-Weil and Barro-Sala-i-Martin contributions that led to the celebrated b-convergence model. Such a model, however, presents strong...