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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 …
Persistent link: https://www.econbiz.de/10003806087
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 …
Persistent link: https://www.econbiz.de/10009733219
Persistent link: https://www.econbiz.de/10003793361
We analyse the robustness of potential determinants of the differences in the long-run growth rate of GDP per capita across EU regions using quantile regression. We propose using Bayesian Model Averaging (BMA) methods on the class of quantile regression models in order to assess the set of...
Persistent link: https://www.econbiz.de/10003932594
autoregressive (SAR) structure. Our results indicate that the income convergence process between countries is dominated by the … catching-up process of regions in Central and Eastern Europe (CEE), whereas convergence within countries is mostly a …
Persistent link: https://www.econbiz.de/10003932597
Persistent link: https://www.econbiz.de/10008655396
Persistent link: https://www.econbiz.de/10011346557
income convergence across 255 NUTS-2 European regions for the period 1995-2005. We show that the choice of a spatial weight … attached to the model covariates. We also show that estimates of the speed of income convergence across European regions depend … of model uncertainty, the posterior distribution of the speed of convergence parameter appears bimodal, with a large …
Persistent link: https://www.econbiz.de/10009735341
We assess the role that nontradable goods play as a determinant of fiscal spending multipliers, making use of a two-sector model. While fiscal multipliers increase with the share of nontradable goods, an inverted U-shaped relationship exists between multiplier size and the import share....
Persistent link: https://www.econbiz.de/10012270412
We assess the role that nontradable goods play as a determinant of fiscal spending multipliers, making use of a two-sector model. While fiscal multipliers increase with the share of nontradable goods, an inverted U-shaped relationship exists between multiplier size and the import share....
Persistent link: https://www.econbiz.de/10014321510