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
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Englisch
- Erschienen in
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Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 88
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
regional convergence
spatial lags
spatial filtering
Dreger, Christian
Türck, Matthias
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Eckey, Hans-Friedrich
- Dreger, Christian
- Türck, Matthias
- Universität Kassel, Fachbereich Wirtschaftswissenschaften
Entstanden
- 2006