000026329 001__ 26329
000026329 005__ 20180122203206.0
000026329 037__ $$a879-2016-64302
000026329 041__ $$aen
000026329 084__ $$aC23
000026329 084__ $$aO00
000026329 084__ $$aR11
000026329 245__ $$aRegional Convergence in the European Union (1985-1999): A Spatial Dynamic Panel Analysis
000026329 260__ $$c2002
000026329 269__ $$a2002
000026329 270__ $$mharald.badinger@wu-wien.ac.at$$pBadinger,   Harald
000026329 270__ $$mwerner.mueller@wu-wien.ac.at$$pMuller,   Werner G.
000026329 270__ $$mgabriele.tondl@wu-wien.ac.at$$pTondl,   Gabriele
000026329 300__ $$a29
000026329 336__ $$aWorking or Discussion Paper
000026329 446__ $$aEnglish
000026329 490__ $$aHWWA Discussion Paper 210
000026329 520__ $$aWe estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the variables to remove the spatial correlation, and application of standard GMM estimators for dynamic panels in a second step. Our results show that ignorance of the spatial correlation leads to potentially misleading results. Applying a system GMM estimator on the filtered variables, we obtain a speed of convergence of 6.9 per cent and a capital elasticity of 0.43.
000026329 650__ $$aCommunity/Rural/Urban Development
000026329 6531_ $$agrowth
000026329 6531_ $$aconvergence
000026329 6531_ $$aspatial dependence
000026329 6531_ $$aspatial filtering
000026329 6531_ $$adynamic panels
000026329 6531_ $$aGMM
000026329 700__ $$aBadinger, Harald
000026329 700__ $$aMuller, Werner G.
000026329 700__ $$aTondl, Gabriele
000026329 8564_ $$s123137$$uhttp://ageconsearch.umn.edu/record/26329/files/dp020210.pdf
000026329 887__ $$ahttp://purl.umn.edu/26329
000026329 909CO $$ooai:ageconsearch.umn.edu:26329$$pGLOBAL_SET
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dp020210.pdf: 123137 bytes, checksum: 757ace368d78a136f118b49ae1490c54 (MD5)
  Previous issue date: 2002
000026329 982__ $$gHamburg Institute of International Economics>Discussion Paper Series
000026329 980__ $$a879