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 & Wilfried Koch, 2006.
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ERSA conference papers
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- 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.
- Steven N. Durlauf, 1989. "Output Persistence, Economic Structure, and the Choice of Stabilization Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(2), pages 69-136.
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