| dc.creator |
Badinger, Harald |
|
| dc.creator |
Müller, Werner G. |
|
| dc.creator |
Tondl, Gabriele |
|
| dc.date |
2002 |
|
| dc.date.accessioned |
2013-10-16T07:04:37Z |
|
| dc.date.available |
2013-10-16T07:04:37Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19391 |
|
| dc.identifier |
ppn:358750296 |
|
| dc.identifier |
RePEc:zbw:hwwadp:26329 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19391 |
|
| dc.description |
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the variables to remove the spatial correlation, and application of standard GMM estimators for dynamic panels in a second step. Our results show that ignorance of the spatial correlation leads to potentially misleading results. Applying a system GMM estimator on the filtered variables, we obtain a speed of convergence of 6.9 per cent and a capital elasticity of 0.43. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
HWWA Discussion Paper 210 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
C23 |
|
| dc.subject |
R11 |
|
| dc.subject |
O00 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
growth |
|
| dc.subject |
convergence |
|
| dc.subject |
spatial dependence |
|
| dc.subject |
spatial filtering |
|
| dc.subject |
dynamic panels |
|
| dc.subject |
GMM |
|
| dc.subject |
Regionale Entwicklung |
|
| dc.subject |
Entwicklungskonvergenz |
|
| dc.subject |
Räumliche Interaktion |
|
| dc.subject |
Panel |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Theorie |
|
| dc.subject |
EU-Staaten |
|
| dc.subject |
spatial filtering |
|
| dc.title |
Regional convergence in the European Union (1985 - 1999) : a spatial dynamic panel analysis |
|
| dc.type |
doc-type:workingPaper |
|