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This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in 1995 to 2000 and, moreover, relaxes the assumption of a single steady-state growth path which appears to be out of tune with reality of empirical dynamics. The two-club spatial...
Persistent link: https://www.econbiz.de/10010297367
Questions of convergence have received increasing attention in recent years, in light of the pressure for greater integration and enlargement of the European Union [EU] to countries in Central and Eastern Europe [CEE]. This paper looks at the evidence for convergence of per capita income between...
Persistent link: https://www.econbiz.de/10015255344
Club-convergence analysis provides a more realistic and detailed picture about regional income growth than traditional convergence analysis. This paper presents a spatial econometric framework for club-convergence testing that relates the concept of club-convergence to the notion of spatial...
Persistent link: https://www.econbiz.de/10011324376
Persistent link: https://www.econbiz.de/10004817197
Club-convergence analysis provides a more realistic and detailed picture about regional income growth than traditional convergence analysis. This paper presents a spatial econometric framework for club-convergence testing that relates the concept of club-convergence to the notion of spatial...
Persistent link: https://www.econbiz.de/10005225121
Persistent link: https://www.econbiz.de/10002110265
Persistent link: https://www.econbiz.de/10015143825
This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in 1995 to 2000 and, moreover, relaxes the assumption of a single steady-state growth path which appears to be out of tune with reality of empirical dynamics. The two-club spatial...
Persistent link: https://www.econbiz.de/10014070917
This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions for the period between 1985 and 1994. Controlling for heteroscedasticity and potential endogeneity problems, we get consistent econometric results. Larger market and regional sizes...
Persistent link: https://www.econbiz.de/10005097664
This study analyses relative sectoral specialisation of EU regions on the basis of investment and employment patterns. Controlling for heteroscedasticity and potential endogeneity in the econometric analysis, we find that relative specialisation in manufacturing sectors is higher in central...
Persistent link: https://www.econbiz.de/10005097799