Badinger, Harald; Muller, Werner G.; Tondl, Gabriele - HWWA Institut für Wirtschaftsforschung - 2002
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the...
