We show in this paper that spatial dependence and spatial heterogeneity matter in the estimation of the b-convergence … dependence and spatial heterogeneity in the form of structural instability across spatial convergence clubs. The estimation of … the appropriate spatial regimes spatial error model shows that the convergence process is different across regimes. We …

to the concepts of ƒã- and ƒÒ-convergence and emphasizes the importance of including spatial effects and a disaggregated … analysis at a sectoral level. We detect a significant -convergence only in aggregate labor productivity and in the services … sectors among peripheral regions. We also show that omitting spatial effects leads to biased measures of -convergence. We then …

This paper estimates the impact of structural funds on the convergence process between 145 European regions over 1989 …, we first apply spatial econometrics on a conditional beta-convergence model; second, we simulate their impact on the …

average. For the majority of our sample countries we obtain evidence of real interest rate convergence towards the latter …. Convergence, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our …

heterogeneity and spatial autocorrelation in beta-convergence models. Based on a sample of 145 European regions over the 1980 …-period, indicating the formation of a convergence club between the peripheral regions of the European Union. …