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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19391| Title: | Regional convergence in the European Union (1985 - 1999) : a spatial dynamic panel analysis |
| Keywords: | C23 R11 O00 ddc:330 growth convergence spatial dependence spatial filtering dynamic panels GMM Regionale Entwicklung Entwicklungskonvergenz Räumliche Interaktion Panel Schätzung Theorie EU-Staaten spatial filtering |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19391 |
| Other Identifiers: | http://hdl.handle.net/10419/19391 ppn:358750296 RePEc:zbw:hwwadp:26329 |
| Appears in Collections: | EconStor |
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