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Spatio-temporal analysis of regional systems : a multiregional spatial vector autoregressive model for Spain
Ramajo Hernández, Julián; Márquez, Miguel A.; … - 2013
This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...
Persistent link: https://www.econbiz.de/10011616934
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Regional public stock reductions in Spain : estimations from a multiregional spatial vector autorregressive model
Márquez, Miguel A.; Ramajo Hernández, Julián; … - In: Region : the journal of ERSA 4 (2017) 1, pp. 129-146
The estimation of the impact of public investment on regional economic growth requires consideration of the spatio-temporal dynamics among the state variables of each region. Recent austerity policies in Spain that feature temporary decreases in the accumulation of regional public capital should...
Persistent link: https://www.econbiz.de/10012491832
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Decentralization, social capital and regional convergence
Mauro, Luciano; Pigliaru, Francesco - 2013
By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
Persistent link: https://www.econbiz.de/10009757366
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How Binding is Low Social Capital for Economic Growth? - Further Lessons from the Italian Regional Divide
Pigliaru, Francesco - 2012
decentralization, causing a sudden halt of a twenty-year strong process of regional convergence …
Persistent link: https://www.econbiz.de/10013106241
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Technological Diffusion, Spatial Spillovers and Regional Convergence in Europe
Paci, Raffaele; Pigliaru, Francesco - 2012
convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …
Persistent link: https://www.econbiz.de/10014134744
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Tourism and Development: A recent phenomenon built on old (institutional) roots?
Pigliaru, Francesco; Liberto, Adriana Di; Brau, Rinaldo - 2010
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...
Persistent link: https://www.econbiz.de/10011332475
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Tourism and development: a recent phenomenon built on old (institutional) roots?
Brau, Rinaldo; Di Liberto, Adriana; Pigliaru, Francesco - 2010
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...
Persistent link: https://www.econbiz.de/10010272493
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Tourism and development : a recent phenomenon built on old (institutional) roots?
Brau, Rinaldo; Di Liberto, Adriana; Pigliaru, Francesco - 2010
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...
Persistent link: https://www.econbiz.de/10011575139
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Tourism and Development: A Recent Phenomenon Built on Old (Institutional) Roots?
Pigliaru, Francesco; Brau, Rinaldo; Liberto, Adriana Di - Fondazione ENI Enrico Mattei (FEEM) - 2010
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...
Persistent link: https://www.econbiz.de/10008489588