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Cross-sectional space-time modeling using ARNN(p, n) processes
Kakamu, Kazuhiko; Polasek, Wolfgang - 2007
We suggest a new class of cross-sectional space-time models based on local AR models and nearest neighbors using distances between observations. For the estimation we use a tightness prior for prediction of regional GDP forecasts. We extend the model to the model with exogenous variable model...
Persistent link: https://www.econbiz.de/10010294016
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Markov or not Markov - this should be a question
Bickenbach, Frank; Bode, Eckhardt - 2001
Although it is well known that Markov process theory, frequently applied in the literature on income convergence …
Persistent link: https://www.econbiz.de/10010265521
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Regional convergence in the European Union (1985 - 1999): A spatial dynamic panel analysis
Badinger, Harald; Müller, Werner G.; Tondl, Gabriele - 2002
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So … convergence of 6.9 per cent and a capital elasticity of 0.43. …
Persistent link: https://www.econbiz.de/10010295552
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Agglomeration and Knowledge Diffusion
Bröcker, Johannes - 2004
According to New Growth Theory one can not rely on the convergence mechanisms inherent in traditional neoclassical … constant returns to scale models. Convergence as well as divergence is possible, in general, depending on the assumptions about … conditions divergence, convergence or a stable centre-periphery structure emerge. The model allows for different degrees of …
Persistent link: https://www.econbiz.de/10010296232
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Productive government expenditure and economic growth
Irmen, Andreas; Kuehnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10010264372
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Government spending composition in a simple model of Schumpeterian growth
Wiederhold, Simon - 2009
This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy's rate of technological change. We incorporate results of...
Persistent link: https://www.econbiz.de/10010267225
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Productive Government Expenditure and Economic Growth
Irmen, Andreas; Kühnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10011422176
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Modelling the folk theorem of spatial economics: A heterogeneous regional growth model
Klarl, Torben - 2009
During the last year, the research field of spatial economic has rapidly increased. There is consensus thatthe economic performance of a region depends not only on its own potential, but also on the development of their neighbouring regions. Knowledge spillovers, which are non constant over...
Persistent link: https://www.econbiz.de/10010270410
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Modelling the folk theorem of spatial economics: a heterogeneous regional growth model
Klarl, Torben - 2009
During the last year, the research field of spatial economic has rapidly increased. There is consensus that the economic performance of a region depends not only on its own potential, but also on the development of their neighbouring regions. Knowledge spillovers, which are non constant over...
Persistent link: https://www.econbiz.de/10010294691
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On the predictability of knowledge formation: The tortuous link between regional specialisation and development
Bretschger, Lucas - 1999
The paper examines the relation between industrial mix and regional productivity growth. For this purpose, a dynamic model of the open economy with differentiated sectoral knowledge formation and incomplete interregional knowledge diffusion is constructed. The theoretical framework is first used...
Persistent link: https://www.econbiz.de/10010306043