Showing 1 - 10 of 15
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 …
Persistent link: https://www.econbiz.de/10005556337
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 …
Persistent link: https://www.econbiz.de/10005119010
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 …
Persistent link: https://www.econbiz.de/10005119023
Persistent link: https://www.econbiz.de/10005119029
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. …
Persistent link: https://www.econbiz.de/10005062506
This paper examines how much of the dispersion in economic performance across OECD countries can be accounted for by economic geography factors. More specifically, two aspects of economic geography are examined, namely the proximity to areas of dense economic activity and endowments in natural...
Persistent link: https://www.econbiz.de/10005045816
There is widespread evidence that a better access to markets contributes to raising income levels. However, no quantification of the impact of distance to markets has been made on the basis of a sample restricted to advanced — and therefore more homogeneous — countries. This paper applies...
Persistent link: https://www.econbiz.de/10005045844
The aim of this paper is to assess the evolution of regional productivity disparities in the European Union. Using a sample of 205 regions and 8 sectors on the 1975-2000 period, we use Esteban’s shift- share analysis to investigate the extent to which the existing interregional inequalities in...
Persistent link: https://www.econbiz.de/10005556195
In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics. The “bad equilibrium” is characterised by the simultaneous occurrence, and adverse feedbacks between, high and growing fiscal deficits and debt, high risk...
Persistent link: https://www.econbiz.de/10011273966
The 2005 reform of the EU Stability and Growth Pact has provided leeway for governments to let their fiscal deficit temporarily breach the 3% rule to finance the immediate budgetary cost of structural reform, such as compensation schemes to offset redistributive effects. Against this backdrop,...
Persistent link: https://www.econbiz.de/10005045584