In this paper, a Poisson gravity model is introduced that incorporates spatial dependence of the explained variable without relying on restrictive distributional assumptions of the underlying data generating process. The model comprises a spatially filtered component including the origin,...

This paper presents a theoretical growth model that accounts for technological interdependence among regions in a Mankiw-Romer-Weil world. The reasoning behind the theoretical work is that technological ideas cannot be fully appropriated by investors and these ideas may diffuse and increase the...

A novel rough set approach is proposed in this paper to discover classification rules through a process of knowledge induction which selects decision rules with a minimal set of features for classification of real-valued data. A rough set knowledge discovery framework is formulated for the...

This paper uses a global vector autoregressive (GVAR) model to analyze the relationship between FDI inflows and output dynamics in a multi-country context. The GVAR model enables us to make two important contributions: First, to model international linkages among a large number of countries,...

This paper focuses on Austrian outbound foreign direct investment (FDI, measured by sales of Austrian affiliates abroad) in Europe over the period 2009–2013, using a spatial Durbin panel data model specification with fixed effects, and a spatial weight matrix based on the first-order...

This paper develops a multivariate regime switching monetary policy model for the US economy. To exploit a large dataset we use a factor-augmented VAR with discrete regime shifts, capturing distinct business cycle phases. The transition probabilities are modelled as time-varying, depending on a...

This paper addresses the effect of liberalisation and transformation in Eastern Europe on international trade flows between specific West and East European countries belonging to the Rhine-Main-Danube area. The discussion is focused on volume and direction of trade effects using a simple, but...

The contributions in this volume explore the relationship between processes of technological innovation, their network characteristics and their local and regional development impacts. Case studies, empirical evidence and conceptual perspectives provide insights on the local effects of...

The book reconsiders the issue of regional development from a European perspective in light of transition of society towards a knowledge-driven economy. It integrates research findings from a broad area including: economics, transportation, geography and regional science. In particular, it...