Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial
Most of the empirical works in regional convergence are based on either crosssectional or “a-spatial” panel data models. In this paper, we propose the use of panel data econometrics models that incorporate an explicit consideration of spatial dependence effects (Anselin, 1988; Elhorst, 2001; 2003)....
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Bologna
2013-05-01
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| Series: | Statistica |
| Online Access: | http://rivista-statistica.unibo.it/article/view/3513 |
| _version_ | 1818133110785572864 |
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| author | Gianfranco Piras Giuseppe Arbia |
| author_facet | Gianfranco Piras Giuseppe Arbia |
| author_sort | Gianfranco Piras |
| collection | DOAJ |
| description | Most of the empirical works in regional convergence are based on either crosssectional or “a-spatial” panel data models. In this paper, we propose the use of panel data econometrics models that incorporate an explicit consideration of spatial dependence effects (Anselin, 1988; Elhorst, 2001; 2003). This allows us to extend the traditional convergence models to include a rigorous treatment of regional spillovers and to obtain more reliable estimates of the parameters.We consider two models respectively based on the introduction of a spatial lag among the explanatory variables (the “spatial lag model”) and imposing a spatial autoregressive structure to the stochastic component (the “spatial error model”). We apply such a modelling framework to the long-run convergence of per-capita GDP of 125 EU-NUTS2 regions observed yearly in the period 1977-2002. A comparison of the results obtained using the two spatial panel data specifications with the main evidence available in the literature is also provided. |
| first_indexed | 2024-12-11T08:47:31Z |
| format | Article |
| id | doaj.art-f3e3a4b4fe8b44979a71618215d8c439 |
| institution | Directory Open Access Journal |
| issn | 0390-590X 1973-2201 |
| language | English |
| last_indexed | 2024-12-11T08:47:31Z |
| publishDate | 2013-05-01 |
| publisher | University of Bologna |
| record_format | Article |
| series | Statistica |
| spelling | doaj.art-f3e3a4b4fe8b44979a71618215d8c4392022-12-22T01:14:06ZengUniversity of BolognaStatistica0390-590X1973-22012013-05-0167215717210.6092/issn.1973-2201/35133260Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatialGianfranco Piras0Giuseppe Arbia1REAL, UIUC E DASTA - Università di ChietiDASTA, Università di ChietiMost of the empirical works in regional convergence are based on either crosssectional or “a-spatial” panel data models. In this paper, we propose the use of panel data econometrics models that incorporate an explicit consideration of spatial dependence effects (Anselin, 1988; Elhorst, 2001; 2003). This allows us to extend the traditional convergence models to include a rigorous treatment of regional spillovers and to obtain more reliable estimates of the parameters.We consider two models respectively based on the introduction of a spatial lag among the explanatory variables (the “spatial lag model”) and imposing a spatial autoregressive structure to the stochastic component (the “spatial error model”). We apply such a modelling framework to the long-run convergence of per-capita GDP of 125 EU-NUTS2 regions observed yearly in the period 1977-2002. A comparison of the results obtained using the two spatial panel data specifications with the main evidence available in the literature is also provided.http://rivista-statistica.unibo.it/article/view/3513 |
| spellingShingle | Gianfranco Piras Giuseppe Arbia Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial Statistica |
| title | Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial |
| title_full | Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial |
| title_fullStr | Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial |
| title_full_unstemmed | Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial |
| title_short | Convergence in per-capita GDP across EU-NUTS2 regions using panel data models extended to spatial |
| title_sort | convergence in per capita gdp across eu nuts2 regions using panel data models extended to spatial |
| url | http://rivista-statistica.unibo.it/article/view/3513 |
| work_keys_str_mv | AT gianfrancopiras convergenceinpercapitagdpacrosseunuts2regionsusingpaneldatamodelsextendedtospatial AT giuseppearbia convergenceinpercapitagdpacrosseunuts2regionsusingpaneldatamodelsextendedtospatial |