Purpose– This paper seeks to investigate the relationship between volatility and autocorrelation in major European stock index futures markets.Design/methodology/approach– The methodology is based on the exponential autoregressive model with conditionally heteroskedastic errors...

In this paper we merge techniques from the efficiency literature with spatial econometric techniques. In particular, we combine calculation of efficiency from the unit speci c effects with the spatial lag model to develop a spatial autoregressive frontier model for panel data. Features of the...

This paper studies the convergence of per-capita GDP across European regions over a fairly long period. Most of the works in the field are based on either cross-sectional or fixed-effects estimates. We propose the estimation of convergence in per-capita GDP across European regions by making use...