This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...

This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...

Traditional tools of econometric analysis building rest in almost all cases on the precept that the structure of economy is stable. This asumption is very restrictive in the case of modeling regional economies, where it is very difficult assume that the future will be similar to the past. The...

The topics related to the income distribution are specially interesting when we try to measure the social and economic impacts of a economic policy given decission. When a strategy of balanced development is tried to imply in a given country or region, inequality, poverty, unemployment, etc, not...

A new production-frontier specification is proposed when dealing with decision-making units whose efficiencies are correlated with the performances of the neighbors (spatial dependence), providing a bias reduction with respect to standard data envelopment analysis (DEA) methods. For the...

The need to be compliant with the fiscal frameworks of the European Union and Spain has generated asymmetric fiscal behavior across the Spanish government tiers regarding the distribution of the needed fiscal efforts to pursue public finance sustainability and macroeconomic stability in the...

The literature on the measurement of regional convergence at different spatial scales and over different time periods is extensive. This study explores the potential role of variations in European regional technical efficiency as a contributing factor in providing explanation for convergence or...

This paper analyses region-level technical efficiency in the European Union over the 1995 to 2007 period. We propose the application of a nonparametric conditional frontier methodology to account for the presence of geographical externalities that are beyond the control of regional authorities....

Can fiscal policy help to the ending of the economic crisis affecting Spain? Given this starting point, we study the effects on the Spanish economy of a shock to total public receipts or a shock to total public expenditure. With that objective in mind, we specify and estimate a vector error...

Although the evaluation of European Union regional policy is necessary to improve the effectiveness of the operational programmes, it is not usual to find studies comparing the efficiency of two programming periods for the case of a particular region. This could be explained by the fact that, at...