Spatial growth volatility and age-structured human capital dynamics in Europe
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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- Cem Ertur & W. Koch, 2007.
"Growth, Technological Interdependance and Spatial Externalities: Theory and Evidence,"
- 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.
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Springer;Western Regional Science Association, vol. 40(4), pages 723-765, December.
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- 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.
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