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2004
- handle: 10670/1.d5qwo9
- 1133-3197
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Estudios de Economía Aplicada
Mots-clés
Economía y Finanzas Unit roots Spatial Economics Regional convergence Stochastic convergenceSujets proches
World literature Western literature (Western countries) Belles-lettresCiter ce document
Giuseppe Arbia, « Alternative approaches to regional convergence exploiting both spatial and temporal information », Estudios de Economía Aplicada, ID : 10670/1.d5qwo9
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Résumé
"The standard approaches used in the empirical literature to test economic convergence-divergencebetween countries and regions are all grounded on the Mankiw-Romer-Weil and Barro-Sala-i-Martincontributions that led to the celebrated β-convergence model. Such a model, however, presents stronglimitations. This paper reviews some of the approaches proposed in the literature that seek to overcomethese limitations and aim to capture the full dynamics of the economic convergence process. Fourapproaches are reviewed. The first is based on the theory of space-time processes, the second is a spatialversions of panel data modelling, the third is grounded on a spatially adjusted continuous time specificationand the fourth on the concept of stochastic convergence as it was developed in the time series literature."