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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 …
Persistent link: https://www.econbiz.de/10009733219
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and (iii) inside the respective PIIGS regions furthermore between coastal and non-coastal regions. -- convergence ; growth …
Persistent link: https://www.econbiz.de/10009742607
experiencing net immigration, while lagging regions experience higher speeds of income convergence. As a result, migration … increases sigma-convergence. Results show an increase of more than one third. Free movement of persons also proves to increase … efficiency, displayed by higher average convergence speeds. …
Persistent link: https://www.econbiz.de/10011289932
the speed of convergence is heterogenous in both considered models, depending on the remoteness and the income gap of all … regions. Furthermore, the paper introduces Wald tests for conditional spatial sigma-convergence based on a spatial maximum … convergence of about 0.7 percent per year under both models. However, pronounced heterogeneity in the convergence speed is evident …
Persistent link: https://www.econbiz.de/10009731149
An analysis of the effects of natural hazards on society does not solely depend on a region's topographic or climatic exposure to natural processes, but the region's institutional resilience to natural processes that ultimately determines whether natural processes result in a natural hazard or...
Persistent link: https://www.econbiz.de/10009731161
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