This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first …-time dynamic panel relationship between growth rates and initial levels of income as well as endowments of physical, knowledge and … step uses the club assignments in a dynamic space-time panel data model to assess long-run dynamic direct and spillover …

. Based on data from the Survey of Health, Aging and Retirement in Europe (SHARE) for Wave 4, our empirical results are …

This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first … step involves identifying the number and composition of clubs using a space-time panel data model for annual income growth … rates in conjunction with Bayesian model comparison methods. A second step uses a Bayesian space-time panel data model to …