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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/10010740435
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convergence hypothesis cannot be rejected suggesting there are differences in the convergence processes between the north and …
Persistent link: https://www.econbiz.de/10012056555
predictors of future GDP growth. These findings shed light on the determinants of regional convergence patterns. …
Persistent link: https://www.econbiz.de/10012030312
Transport costs are a crucial element of any spatial economic model. Surprisingly, good transport cost estimates at a detailed spatial level for the EU are not readily available. In this paper we address this issue by estimating a novel dataset of road freight transport costs for goods for the...
Persistent link: https://www.econbiz.de/10011992499
leapfrogging over richer municipalities, from 1920 to 1970. Although the coefficients confirmed a long-term convergence trend in …
Persistent link: https://www.econbiz.de/10014428797
In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 … stochastic convergence trajectories to assess the role of first nature geography, which is defined by variations in physical …, in causing economic growth convergence patterns. We find that western and northern parts of Europe have higher pairwise …
Persistent link: https://www.econbiz.de/10014308640
In this paper we assess the system-wide economic impact of the key financial instruments adopted by the European Union for the implementation of the regional policy: The Structural funds and The Cohesion Funds. We take a bottom-up approach by aggregating the 86 categories of expenditures defined...
Persistent link: https://www.econbiz.de/10011981477