European regional convergence in a human capital augmented Solow model

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 88

Klassifikation und Themen

• 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

Beteiligte, Orts- und Zeitangaben

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

Weitere Informationen

• Handle: http://hdl.handle.net/10419/32145
• Letzte Aktualisierung: 20.09.2024, 08:24 MESZ