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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18524| Title: | European Regional Convergence in a Human Capital Augmented Solow Model |
| Keywords: | O47 R15 C21 R11 ddc:330 Solow model regional convergence spatial lags spatial filtering |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications confirm the presence of convergence with an annual speed between 3 and 3.5 percent towards regional steady states. Furthermore, a geographically weighted regression approach indicates a wide variation in the speed of convergence across the regions, where a higher speed is striking in particular in France and the UK. Clusters of convergence can be identified, where regions with high convergence also have high initial income levels. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18524 |
| Other Identifiers: | http://hdl.handle.net/10419/18524 ppn:519882601 |
| Appears in Collections: | EconStor |
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