Convergence in per-capita GDP across European regions using panel data models extended to spatial autocorrelation effects
This paper studies the convergence of per capita GDP across European regions over a fairly long period. Most of the works are based on either cross-sectional or fixed-effects estimates. We propose the estimation of convergence in per capita GDP across European regions by making use of panel-data models extended to include spatial error autocorrelation and spatially lagged dependent variable (Anselin,1988;Elhorst,2002). This will allow us to extend the traditional ß convergence model to include a rigorous treatment of the spatial correlation among the intercept terms. A spatial analysis of such intercept terms will also be performed in order to shed light on the concept spatially conditional convergence.
|Date of creation:||Aug 2004|
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References listed on IDEAS
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- Valentina Meliciani & Franco Peracchi, 2006.
"Convergence in per-capita GDP across European regions: a reappraisal,"
Springer, vol. 31(3), pages 549-568, September.
- Valentina Meliciani & Franco Peracchi, 2004. "Convergence in Per-capita GDP Across European Regions: A Reappraisal," CEIS Research Paper 58, Tor Vergata University, CEIS.
- Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 1127-1170.
- Holtz-Eakin, Douglas, 1994. "Public-Sector Capital and the Productivity Puzzle," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 12-21, February.
- Elhorst, J. Paul, 2001. "Panel data models extended to spatial error autocorrelation or a spatially lagged dependent variable," Research Report 01C05, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Quah, Danny T., 1996. "Empirics for economic growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1353-1375, June.
- repec:dgr:rugsom:01c05 is not listed on IDEAS
- Giuseppe Arbia & Roberto Basile & Mirella Salvatore, 2002. "Regional Convergence in Italy 1951-199: A Spatial Econometric Perspective," ISAE Working Papers 29, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
- Badi Baltagi & Dong Li, 2006.
"Prediction in the Panel Data Model with Spatial Correlation: the Case of Liquor,"
Spatial Economic Analysis,
Taylor & Francis Journals, vol. 1(2), pages 175-185.
- Badi H. Baltagi & Dong Li, 2006. "Prediction in the Panel Data Model with Spatial Correlation: The Case of Liquor," Center for Policy Research Working Papers 84, Center for Policy Research, Maxwell School, Syracuse University.
- Case, Anne C, 1991. "Spatial Patterns in Household Demand," Econometrica, Econometric Society, vol. 59(4), pages 953-65, July.
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