This article presents a spatio-temporal panel vector-autoregressive approach (SptpVAR) as an extended spatial econometric method for analysing spillover effects of regional economic change in time and space. The approach aims to extend the spatial dimension of SpVAR models by capturing the...

This paper analyzes the impact of the German structure program "Joint Task for the Improvement of Regional Economic Structures" (GRW) on regional economic growth. The paper extends the existing literature by several aspects. First of all, using the popular augmented Solow model by Mankiw et al....

This paper deals with the effects of publicly funded research on regional technological progress and economic growth. We adopt a system approach and investigate the effects on all regional input factors and output by means of a flexible spatial panel VAR (SpPVAR) model. This allows us to deal...

This paper studies the effects of foreign direct investment (FDI) on national economic growth with the help of GMM panel regressions. Effects on productivity growth, capital and labor inputs as well as innovation activities are distinguished. Furthermore, less and more developed countries as...

A stochastic model of the evolution of the firm population in a region and industry is developed. This model is used to make predictions about the expected probability distribution of the firm number in regions and their dynamics. Data on the spatial distribution of firms in Germany is used to...

The paper investigates the contribution of cooperative and non-cooperative R&D subsidies to firm growth. Of particular interest is hereby firms' embeddedness into subsidized cooperation networks. For the empirical analysis we utilize an unbalanced panel of 2.199 German manufacturing firms...

Climate change researchers predict a dramatic increase in global average temperature over the next decades. We use past temperature and precipitation fluctuations to investigate whether changes in temperature and precipitation are associated with decreases in economic growth. A GMM panel...

This paper presents a firm and market model that is able to reproduce the empirically observed patterns on firm growth and its statistical characteristics. It goes beyond the existing firm models by reproducing all stylized facts established in the literature. Furthermore, the model is flexible...