This paper analyzes volatility spillovers in multivariate GARCH-type models. We show that the cross-effects between the conditional variances determine the persistence of the transmitted volatility innovations. In particular, the influence of a foreign volatility innovation on a conditional...

This paper addresses parameter estimation of spatial regression models incorporating spatial lag. These models are very important in spatial econometrics, where spatial interaction and structure are introduced into regression analysis. Because of spatial interactions, observations are not truly...

We analyze the influence of newly constructed globalization measures on regional growth for the EU-27 countries between 2001 and 2006. The spatial Chow-Lin procedure, a method constructed by the authors, was used to construct on a NUTS-2 level a complete regional data for exports, imports and...

With the development of global economy and rapid process of urbanization, migration has become one of the key forces in population redistribution and has important implications for socio-economic development in a region. As we all know, population migration flows between different regions are...

This paper aims to provide reliable estimates for the COVID-19 contact rate of a Susceptible-Infected-Recovered (SIR) model, From observable data on confirmed, recovered, and deceased cases, a noisy measurement for the contact rate can be constructed, To filter out measurement errors and...

This study develops an easy forecasting model using prefectural data in Japan. The Markov chain known as a stochastic model corresponds to the vector auto-regressive (VAR) model of the first order. If the transition probability matrix can be appropriately estimated, the forecasting model using...

In this paper, we assess the accuracy of macroeconomic forecasts at the regional level using a unique data set at quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden-Württemberg) and Eastern Germany. We overcome the problem of a...

The present contribution develops on the analysis of clusters in terms of proximities by exploring the issue of distant inter-cluster collaborations. We mobilize different forms of proximity (geographic, cognitive, social) discussed in the literature in order to identify their respective...

Fast technological changes and constant growth of knowledge in many areas have led to an increasing importance of different approach to education. Efficient education is the foundation of modern society and it has the most important role in preparing students for a very flexible labour market....

The present paper considers urban sprawl in Europe from a multi- dimensional and exploratory point of view. Several literatures on the topic (mainly from urban economics, but also from other fields such as urban planning or regional science) are reviewed to extract the main dimensions of the...