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In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 EU Member States that exhibit co-movement in their growth dynamics, over the period 1980-2018. We then use the observed stochastic convergence trajectories to assess the role...
Persistent link: https://www.econbiz.de/10014308640
This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step calculates Bayesian probabilities for various assignments of regions to two clubs using a general stochastic space-time dynamic panel relationship between growth rates and...
Persistent link: https://www.econbiz.de/10011685263
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....
Persistent link: https://www.econbiz.de/10011444217
are found to be robust for alternative regression specifications including doubly robust estimation, varying sample …
Persistent link: https://www.econbiz.de/10011922710
R&D output to capture the contribution of R&D (direct and spilled-over) to regional productivity at the industry level …. The results suggest that interregional knowledge spillovers and their productivity effects are to a substantial degree …) produce interregional knowledge spillovers that have positive and highly significant productivity effects. The study, moreover …
Persistent link: https://www.econbiz.de/10014205704
In the last decade there has been an upsurge of studies on international comparisons of Total Factor Productivity (TFP … physical capital) but mainly in productivity and technology. Therefore, a crucial issue is the analysis of the determinants of …
Persistent link: https://www.econbiz.de/10014206553
The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which incorporate banks with a higher intermediation quality grow faster in “normal” times and are more resilient in “bad” ones. For this purpose, we measure the...
Persistent link: https://www.econbiz.de/10011381424
The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which incorporate banks with a higher intermediation quality grow faster in “normal” times and are more resilient in “bad” ones. For this purpose, we measure the...
Persistent link: https://www.econbiz.de/10011443947
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...
Persistent link: https://www.econbiz.de/10011794063
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …
Persistent link: https://www.econbiz.de/10003323158