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The traditional approach to estimate spatial models bases on a preconceived spatial weights matrix to measure spatial interaction among locations. The a priori assumptions used to define this matrix are supposed to be in line with the "true" spatial relationships among the locations of the...
Persistent link: https://www.econbiz.de/10012172405
of heath status. The estimation approach assumes that income and education are endogenous and a panel data approach is …
Persistent link: https://www.econbiz.de/10011575899
per capita for a panel of 35 developed and developing countries over an annual period of 33 years (1981 - 2013). The … broadband penetration on economic growth. Our methodology consists of two models, the first one is a fixed effects panel data … variable on economic growth. The possibility of an endogeneity issue due to reverse causality is addressed by considering a two …
Persistent link: https://www.econbiz.de/10011526178
We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...
Persistent link: https://www.econbiz.de/10012309706
spatial panel model with fixed effects. The model presented provides evidence of the importance of increasing returns to scale …
Persistent link: https://www.econbiz.de/10011479474
of a dynamic panel data model for German states between 1970 and 2006. Our preferred specification relates changes in …-run perspective in a co-integration model. Here we specify a Panel-ECM and look at its short run adjustment to judge about the share … smoothening characteristics of income transfers to the East. As a robustness check we also apply the Panel-ECM with spatially …
Persistent link: https://www.econbiz.de/10011575929
-time dynamic panel relationship between growth rates and initial levels of income as well as endowments of physical, knowledge and … step uses the club assignments in a dynamic space-time panel data model to assess long-run dynamic direct and spillover …
Persistent link: https://www.econbiz.de/10011685263
Persistent link: https://www.econbiz.de/10011703401
Persistent link: https://www.econbiz.de/10010478331
Agglomeration economies play an important role in the explanation of the development and regional growth. For this reason, there exists a growing interest in the analysis of standards of co-localisation of the economic activities. This topic has been dealt with from different approaches using a...
Persistent link: https://www.econbiz.de/10011542559