Arbeitspapier

European regional convergence in a human capital augmented Solow model

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.

Sprache
Englisch

Erschienen in
Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 88

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
General Regional Economics: Econometric and Input-Output Models; Other Models
Thema
Solow model
regional convergence
spatial lags
spatial filtering

Ereignis
Geistige Schöpfung
(wer)
Eckey, Hans-Friedrich
Dreger, Christian
Türck, Matthias
Ereignis
Veröffentlichung
(wer)
Universität Kassel, Fachbereich Wirtschaftswissenschaften
(wo)
Kassel
(wann)
2006

Handle
Letzte Aktualisierung
12.07.2024, 13:23 MESZ

Objekttyp

  • Arbeitspapier

Beteiligte

  • Eckey, Hans-Friedrich
  • Dreger, Christian
  • Türck, Matthias
  • Universität Kassel, Fachbereich Wirtschaftswissenschaften

Entstanden

  • 2006

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