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We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. We use three different specifications based on (1) the cross-section of regions, (2) the cross-section of regions with country...
Persistent link: https://www.econbiz.de/10003806087
The choice of the spatial scale of analysis is a problematic issue in applied research, particularly in the literature of regional economic growth. Nevertheless, it is evident that regional scientists have been slow at demonstrating the empirical implications of changes in spatial scale of...
Persistent link: https://www.econbiz.de/10011543405
We use a dynamic model to study the effects of technology and learning on the long run economic growth rates of a leading and a lagging region. New technologies are developed in the leading region but technological improvements in the lagging region are the result of learning from the leading...
Persistent link: https://www.econbiz.de/10011491966
In the paper we analyze the convergence process of the West German Laender from 1970 to 1995 using descriptive tools as well as panel estimation methods. Although there have been some winners in this process, the main finding is that convergence was insufficient in the sense that no gains have...
Persistent link: https://www.econbiz.de/10011442407
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
We aim to understand the impact of nation-wide structural policies such as product market regulation and employment protection legislation and that of macroeconomic factors such as trade exposure, inflation and the level of government debt on the economic growth of regions in the OECD. In...
Persistent link: https://www.econbiz.de/10011509185
Innovation and entrepreneurship are key factors in current regional development initiatives, derived from the concepts of new economic growth theory. The aim of this paper is to combine an assessment of innovative and entrepreneurial performance with the spatial distribution and functional...
Persistent link: https://www.econbiz.de/10011512952
Regional economic development is driven by the accumulation of production factors. More traditional factors like labour and physical capital are accumulated under the law of diminishing returns. This, in turn, allows less developed regions to better perform. Recent branches of theoretical and...
Persistent link: https://www.econbiz.de/10011516485
This paper analyses regional growth in Eastern Europe in the second half of the 1990s, when regional disparities sharply increased. We aim to identify the factors behind growth and investigate in particular the role of (foreign) investment, education and innovation as well as geographical...
Persistent link: https://www.econbiz.de/10010516933
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income distribution appears to be stratifying into a trimodal...
Persistent link: https://www.econbiz.de/10011409398