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This paper analyzes the impact of the European Union regional policy of the three programming periods 1975-1988, 1989-1993 and 1994-1999 on the dynamics of productivity of European regions. On average, funding had a positive, but concave, effect on productivity growth. In particular, a share of...
Persistent link: https://www.econbiz.de/10005004391
In this paper we present a novel methodology for estimating the determinants of distribution dynamics and discuss an application to the distribution dynamics of (labour) productivity across a large sample of countries. We perform a Monte Carlo study of methodology taking as base Mankiw et al....
Persistent link: https://www.econbiz.de/10011123985
is particularly relevant for policymakers since it indicates a trade-off between fostering income convergence at the …
Persistent link: https://www.econbiz.de/10008615092
A key factor for a stable and solid development is the gain in labor productivity. The regions that manage to pull out of poverty and improve the living standards of their inhabitants, in fact, need to be able to diversify away from agriculture and other traditional sectors. In doing this, the...
Persistent link: https://www.econbiz.de/10010740347
This paper considers the problem of model uncertainty associated with variable selection and specification of the spatial weight matrix in spatial growth regression models in general and growth regression models based on the matrix exponential spatial specification in particular. A natural...
Persistent link: https://www.econbiz.de/10010711710
income convergence across 255 NUTS-2 European regions for the period 1995-2005. We show that the choice of a spatial weight … attached to the model covariates. We also show that estimates of the speed of income convergence across European regions depend … of model uncertainty, the posterior distribution of the speed of convergence parameter appears bimodal, with a large …
Persistent link: https://www.econbiz.de/10004973305
income convergence across 255 NUTS-2 European regions for the period from 1995 to 2005. We show that the choice of a spatial … parameters attached to the model covariates. We also show that estimates of the speed of income convergence across European … account this dimension of model uncertainty, the posterior distribution of the speed of convergence parameter has a large …
Persistent link: https://www.econbiz.de/10008568442
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/10005432659
Persistent link: https://www.econbiz.de/10005119029
experienced in aggregate productivity are due, almost entirely, to the sectors productivity growth effect; c) there is a beta-convergence … process at the aggregate and sectoral levels; d) the same occurs for sigma-convergence, apart from the industrial sector; e …) the accounting decomposition of the aggregate productivity convergence process reveals the sectoral productivity growth …
Persistent link: https://www.econbiz.de/10011096887