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Regional Income Convergence in the Enlarged Europe, 1995-2000: A Spatial Econometric Perspective

Fischer, Manfred M.; Stirböck, Claudia - 2004

This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in … with reality of empirical dynamics. The two-club spatial error convergence model with groupwise heteroskedasticity is found … data provide much support for unconditional ß-convergence in Europe. The second is that the usual convergence conclusions …

Persistent link: https://www.econbiz.de/10010297367

Does EU Cohesion Policy Promote Growth? Evidence from Regional Data and Alternative Econometric Approaches

Mohl, Philipp; Hagen, Tobias - 2008

This paper analyses the growth e®ects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions over the time period 1995-2005. We extend the current literature with regard to at least three aspects: First of all, we extend the time period of investigation, using...

Persistent link: https://www.econbiz.de/10010298662

Regional Stabilization by Fiscal Equalization? Theoretical Considerations and Empirical Evidence from Germany

Büttner, Thiess - 1999

In the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for...

Persistent link: https://www.econbiz.de/10010297892

A Spatial Econometric Analysis of Regional Specialisation Patterns Across EU Regions

Stirböck, Claudia - 2004

This paper conducts a spatial econometric analysis of the determinants of regional specialisation patterns. Spatial autocorrelation is present, but is mostly due to spatial error autocorrelation. Spatial interaction due to economic interdependencies is only evident for some few labour-intensive...

Persistent link: https://www.econbiz.de/10010297369

Spatial model selection and spatial knowledge spillovers: a regional view of Germany

Klarl, Torben - 2010

The aim of this paper is to introduce a new model selection mechanism for cross sectional spatial models. This method is more flexible than the approach proposed by Florax et al. (2003) since it controls for spatial dependence as well as for spatial heterogeneity. In particular, Bayesian and...

Persistent link: https://www.econbiz.de/10010299933

Consumer welfare and unobserved heterogeneity in discrete choice models: The value of alpine road tunnels

Cerquera Dussán, Daniel; Ullrich, Hannes - 2010

We investigate the sensitivity of consumer surplus estimates to parametric assumptions on individual preference heterogeneity in a discrete choice framework. We compare results from a parametric random coefficients logit model and a recently proposed nonparametric sieve estimator. In particular,...

Persistent link: https://www.econbiz.de/10010303001

Public Sector Centralization and Productivity Growth: Reviewing the German Experience

Stegarescu, Dan; Büttner, Thiess; Behnisch, Alexej - 2002

The paper examines the role of the vertical structure of the public sector for economic growth in Germany in a long?term perspective. A theoretical model shows that, due to spillover effects of public service provision across lower level governments, federal government activities could have...

Persistent link: https://www.econbiz.de/10010298118

Fiscal stimulus and distortionary taxation

Drautzburg, Thorsten; Uhlig, Harald - 2011

We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for credit-constrained households, the zero lower bound, government capital and distortionary...

Persistent link: https://www.econbiz.de/10010304767