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of technology shocks when analyzing spatial convergence among regions.Specifically, it is argued that a systems approach … initial income per capita and that of its subsequent average growth rate. Moreover, the estimated speed of convergence is … convergence. -- spatial beta-convergence ; spatial solow model ; spatial systems maximum likelihood estimation ; European regions …
Persistent link: https://www.econbiz.de/10009733211
regions, we find evidence for conditional convergence with speed around two percent. The convergence process between countries … is dominated by the catching up process of regions in Central and Eastern Europe (CEE), whereas convergence within …
Persistent link: https://www.econbiz.de/10009733219
Social trust is increasingly seen as an important determinant of economic growth and social prosperity in regions and nations. Even in a comparatively homogeneous area such as Europe, there are stark sub-national differences in levels of generalized trust. It is thus of crucial importance to...
Persistent link: https://www.econbiz.de/10011391685
and (iii) inside the respective PIIGS regions furthermore between coastal and non-coastal regions. -- convergence ; growth …
Persistent link: https://www.econbiz.de/10009742607
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Real effective exchange rate (REER) imbalances may affect economic growth by altering the allocation of labour and capital across sectors. This study assesses whether the component of inter-sectoral production factor misallocation induced by REER misalignments significantly hinders economic...
Persistent link: https://www.econbiz.de/10014255788
In both academic literature and political discussions the concept of innovation is recognized as an essential ingredient in economic development and competitiveness for firms, regions, and nations. Innovation also ranks at the top of policy agendas in the field of regional policy. Therefore, the...
Persistent link: https://www.econbiz.de/10011391692
experiencing net immigration, while lagging regions experience higher speeds of income convergence. As a result, migration … increases sigma-convergence. Results show an increase of more than one third. Free movement of persons also proves to increase … efficiency, displayed by higher average convergence speeds. …
Persistent link: https://www.econbiz.de/10011289932