Income convergence in Japan: A Bayesian spatial Durbin model approach
AbstractWith 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 InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 29 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/inca/30411
Income convergence; Bayesian spatial Durbin model; β-convergence; σ-convergence;
Find related papers by JEL classification:
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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