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This paper considers the most important aspects of model uncertainty for spatial regression models, namely the appropriate spatial weight matrix to be employed and the appropriate explanatory variables. We focus on the spatial Durbin model (SDM) specification in this study that nests most models...
Persistent link: https://www.econbiz.de/10015255218
In this paper, we investigate the relative importance of geographic features on the location of production in the EU. Specifically, we want to quantify how much of the spatial pattern of GDP can be attributed to only exogenous first nature elements (physical and political geography) and how much...
Persistent link: https://www.econbiz.de/10015241458
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 regions in Europe in the second half of the 1990s, when economic recovery …-convergence in Europe. The second is that the usual convergence conclusions hold. But they do so for reasons that are not revealed by …
Persistent link: https://www.econbiz.de/10015255344
Using a survey conduct with 240 Economics students of the University of Brasília in August, 2011, this paper explores the determinants of the academic outcome, measured as the Gross Point Average of the University. The econometric method used to estimate is Ordinary Least Squares with Bayesian...
Persistent link: https://www.econbiz.de/10015236042
Using a survey conduct with 240 Economics students of the University of Brasília in August, 2011, this paper explores the determinants of the academic outcome, measured as the Gross Point Average of the University. The econometric method used to estimate is Ordinary Least Squares with Bayesian...
Persistent link: https://www.econbiz.de/10015237769
The method of model averaging has become an important tool to deal with model uncertainty, in particular in empirical settings with large numbers of potential models and relatively limited numbers of observations, as are common in economics. Model averaging is a natural response to model...
Persistent link: https://www.econbiz.de/10015257563
The method of model averaging has become an important tool to deal with model uncertainty, for example in situations where a large amount of different theories exist, as are common in economics. Model averaging is a natural and formal response to model uncertainty in a Bayesian framework, and...
Persistent link: https://www.econbiz.de/10015262107
The method of model averaging has become an important tool to deal with model uncertainty, for example in situations where a large amount of different theories exist, as are common in economics. Model averaging is a natural and formal response to model uncertainty in a Bayesian framework, and...
Persistent link: https://www.econbiz.de/10015262951
Economic growth is again one of the most important economic issues in literature since the 1980s. This paper falls into the mainstream of regional studies on economic growth and it tries to answer the recurring question: what are the determinants of economic growth at regional level. The...
Persistent link: https://www.econbiz.de/10015261776
Whilst the issue of whether or not per capita GDP adheres to the convergence theory continues to draw increasing attention within the academic paradigm, with very little consensus having been reached in the literature thus far. Our study contributes to the literature by examining the...
Persistent link: https://www.econbiz.de/10015260460