Regional Income Convergence in the Enlarged Europe, 1995-2000: A Spatial Econometric Perspective

Arbeitspapier

This paper adopts a spatial econometric perspective to analyse regional convergence of per capita income in Europe in 1995 to 2000 and, moreover, relaxes the assumption of a single steady-state growth path which appears to be out of tune with reality of empirical dynamics. The two-club spatial error convergence model with groupwise heteroskedasticity is found to be most appropriate for the data at hand. Two empirical key findings are worthwhile to note. The first is that the data provide much support for unconditional ß-convergence in Europe. The second is that the usual convergence conclusions hold. But they do so for reasons that are not revealed by the classical test equation that is typical in mainstream economics literature.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZEW Discussion Papers ; No. 04-42

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; General Regional Economics: Econometric and Input-Output Models; Other Models ; Economywide Country Studies: Europe ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Thema: European Regions ; Income Convergence ; Spatial Econometrics ; Regionale Entwicklung ; Entwicklungskonvergenz ; Regionale Einkommensverteilung ; Sozialprodukt ; Schätzung ; EU-Erweiterung ; EU-Staaten ; Osteuropa

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fischer, Manfred M. ; Stirböck, Claudia
• Ereignis: Veröffentlichung
• (wer): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (wo): Mannheim
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/24051
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ