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Income convergence in Japan: A Bayesian spatial Durbin model approach

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  • Seya, Hajime
  • Tsutsumi, Morito
  • Yamagata, Yoshiki

Abstract

With the collapse of the bubble economy in the early 1990s, economic disparities among both people and regions have arisen in Japan. Although developments in spatial econometrics have provided regional convergence studies with highly effective tools to explicitly consider spatial dependence and heterogeneity, there has as yet been no significant research on Japan's economic disparity using spatial econometrics. Moreover, most conventional regional convergence studies on Japan study the post-war high economic growth period before the economic bubble.

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Bibliographic Info

Article provided by Elsevier in its journal Economic Modelling.

Volume (Year): 29 (2012)
Issue (Month): 1 ()
Pages: 60-71

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Handle: RePEc:eee:ecmode:v:29:y:2012:i:1:p:60-71

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Web page: http://www.elsevier.com/locate/inca/30411

Related research

Keywords: Income convergence; Bayesian spatial Durbin model; β-convergence; σ-convergence;

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References

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Citations

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Cited by:
  1. Holger Breinlich & Gianmarco I. P. Ottaviano & Jonathan R. W. Temple, 2013. "Regional growth and regional decline," LSE Research Online Documents on Economics 51575, London School of Economics and Political Science, LSE Library.
  2. Seya, Hajime & Yamagata, Yoshiki & Tsutsumi, Morito, 2013. "Automatic selection of a spatial weight matrix in spatial econometrics: Application to a spatial hedonic approach," Regional Science and Urban Economics, Elsevier, vol. 43(3), pages 429-444.
  3. Sakiru Adebola SOLARIN, 2013. "Does convergence of incomes still exist among developed economies? Time series evidence in G7 countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(12(589)), pages 57-66, December.
  4. Raul Caruso & Ilaria Petrarca & Roberto Ricciuti, 2014. "Spatial Concentration of Military Dictatorships in Sub-Saharan Africa (1977-2007)," CESifo Working Paper Series 4802, CESifo Group Munich.
  5. Soundararajan, Pushparaj, 2013. "Regional income convergence in India: A Bayesian Spatial Durbin Model approach," MPRA Paper 44744, University Library of Munich, Germany.

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