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We suggest a new class of cross-sectional space-time models based on local AR models and nearest neighbors using distances between observations. For the estimation we use a tightness prior for prediction of regional GDP forecasts. We extend the model to the model with exogenous variable model...
Persistent link: https://www.econbiz.de/10010294016
A prime objective for welfare state activities is to take action to enhance population health and decrease mortality risks. Poverty has for several centuries been seen as a key social risk factor in these respects. Consequently, the fight against poverty has historically been at the forefront of...
Persistent link: https://www.econbiz.de/10010335529
A large literature on border effects in the wake of McCallum (1995) documents the massive impact of borders on trade. However, all these studies suffer from an identification problem. Border effects are usually identified from cross-sectional variation alone. We do not know how trade would...
Persistent link: https://www.econbiz.de/10010274225
Economic re-integration after a long period of separation among countries with different levels of development is expected to start in border regions. Enterprises along the borderline can gain a rent due to low transport and transaction costs. They benefit from the fortunate opportunity of...
Persistent link: https://www.econbiz.de/10010275398
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
This paper studies whether trade integration between the EU15 and Central Europe has led to more export specialization in Central Europe. Moreover, we analyze the impact of institutional refirms in Central Europe on export specialization. The empirical analysis is set up for thirteen Central...
Persistent link: https://www.econbiz.de/10010313425
This article presents an integrated electricity dispatch and load flow model with endogenous electricity generation capacity expansion. The target is to quantify generation capacity requirements for 2030 and where within Central Europe it shall be ideally placed when taking into account the...
Persistent link: https://www.econbiz.de/10010289803
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