Quotation Fischer, Manfred M., LeSage, James P. 2015. A Bayesian space-time approach to identifying and interpreting regional convergence clubs in Europe. Papers in Regional Science. The Journal of the Regional Science Association International 94 (4), 677-702.


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Abstract

This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step calculates Bayesian probabilities for various assignments of regions to two clubs using a general stochastic space-time dynamic panel relationship between growth rates and initial levels of income as well as endowments of physical, knowledge and human capital. The second step uses the club assignments in a dynamic space-time panel data model to assess long-run dynamic direct and spillover responses of regional income levels to changes in initial period endowments for clubs that were identified. We find different dynamic partial derivative responses to endowments by regions in the two clubs that appear consistent with low- and high-income regions as clubs.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Papers in Regional Science. The Journal of the Regional Science Association International
Citation Index SSCI
WU-Journal-Rating new VW-D
Language English
Title A Bayesian space-time approach to identifying and interpreting regional convergence clubs in Europe
Volume 94
Number 4
Year 2015
Page from 677
Page to 702
Reviewed? Y
DOI 10.1111/pirs.12104

Associations

People
Fischer, Manfred M. (Details)
External
LeSage, James P. (Texas State University, United States/USA)
Organization
Research Institute for Supply Chain Management FI (Details)
Institute for Economic Geography and GIScience IN (Details)
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