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econometric convergence models by introducing interindustry spillovers in addition to spillovers that are spatial in nature. To …
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By applying the smile curve concept to regional value added growth rather than to levels, the paper claims that local value-added growth increases when a region is specialised in scarce natural resources or scarce human skills within a GVC. Under these circumstances, in fact, the region can...
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of technology shocks when analyzing spatial convergence among regions.Specifically, it is argued that a systems approach … initial income per capita and that of its subsequent average growth rate. Moreover, the estimated speed of convergence is … convergence. -- spatial beta-convergence ; spatial solow model ; spatial systems maximum likelihood estimation ; European regions …
Persistent link: https://www.econbiz.de/10009733211
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 …
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Social trust is increasingly seen as an important determinant of economic growth and social prosperity in regions and nations. Even in a comparatively homogeneous area such as Europe, there are stark sub-national differences in levels of generalized trust. It is thus of crucial importance to...
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