Policy design in a regional context requires explicit recognition of spatial heterogeneity in community characteristics as well as in the heterogeneity of how these characteristics impact the target variables. By providing only a “global†measure for the entire space, standard...

Announced in the autumn of 1998, the monetary policy strategy of the European Central Bank (ECB) quickly became controversial, arguably because the ECB provided neither an explicit representation of the inflation process nor an explanation for why it necessitated the adoption of a two-pillar...

This paper examines the spatial spillover effects and the productivity rate of patents in southern European Union. It provides a systematic analysis of the relationship between productivity of patents and the factors that generate economically useful new technological knowledge. An applied...

For spatial regressions with sinusoidal surfaces, the ordinary least squares estimator (OLSE) is shown to be asymptotically as efficient as the geeralized least squares estimator (GLSE) in that the covariance matrices of the two estimators have the same nontrivial limit under the same...