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Spatial growth volatility and age-structured human capital dynamics in Europe

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Author Info
Parhi, Mamata
Mishra, Tapas

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Abstract

We study dynamic output co-movements in Europe in a spatial setting where proportion of human capital and its appropriation pattern in production define distance among countries. Significant spatial output and shock correlations are found suggesting possible welfare-enhancing cross-country policy coordination.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4VF56PR-1/2/2fc7be7b5259f6b26d36cd93389b85b1
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 102 (2009)
Issue (Month): 3 (March)
Pages: 181-184
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Handle: RePEc:eee:ecolet:v:102:y:2009:i:3:p:181-184

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Web page: http://www.elsevier.com/locate/ecolet

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Keywords: Spatial growth volatility Non-linear growth Age-structured human capital Semi-parametric VAR;

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References listed on IDEAS
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  1. Raouf Boucekkine & David de la Croix & Omar Licandro, . "vintage human capital, demographic trends and endogenous growth," Working Papers 2000-02, FEDEA. [Downloadable!]
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  2. Levy, Daniel & Dezhbakhsh, Hashem, 2003. "International evidence on output fluctuation and shock persistence," Journal of Monetary Economics, Elsevier, vol. 50(7), pages 1499-1530, October. [Downloadable!] (restricted)
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  3. Timothy G. Conley & Bill Dupor, 2003. "A Spatial Analysis of Sectoral Complementarity," Journal of Political Economy, University of Chicago Press, vol. 111(2), pages 311-352, April. [Downloadable!] (restricted)
  4. Chen, Xiaoheng & Conley, Timothy G., 2001. "A new semiparametric spatial model for panel time series," Journal of Econometrics, Elsevier, vol. 105(1), pages 59-83, November. [Downloadable!] (restricted)
  5. Marcelo Mello & Roberto Guimaraes-Filho, 2007. "A note on fractional stochastic convergence," Economics Bulletin, Economics Bulletin, vol. 3(16), pages 1-14. [Downloadable!]
  6. Cem Ertur & Wilfried Koch, 2007. "Growth, technological interdependence and spatial externalities: theory and evidence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(6), pages 1033-1062. [Downloadable!]
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  7. Raj, Baldev, 1993. "An International Study of Persistence in Output: Parametric Estimates using the Data Dependent Systems Approach," Empirical Economics, Springer, vol. 18(1), pages 173-95.
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