ALTERNATIVE WEIGHTING SCHEMES IN SPATIAL ANALYSIS OF GDP PER CAPITA CONVERGENCE

• Authors: Mariusz Próchniak , Bartosz Witkowski
• Languages of publication: EN

Abstracts

EN

The article analyzes conditional beta convergence in the EU28 countries with the use of spatial econometrics techniques. We consider alternative structure of the spatial weight matrix based on economic distances. Basing on the spatial Durbin-Watson model, two spatial specifications are tested, which make use of the volume of international trade and the inverted GDP per capita differences between the considered objects. We confirm the existence of GDP convergence and show that the gravity-models-type logic is superior to the approach based on inverted geographic distances.

Keywords

EN

rational expectations; output; anticipated and unanticipated money supply

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2014
• Volume: 15
• Issue: 2
• Pages: 198-208

Dates

published

2014

Contributors

author

Mariusz Próchniak

• Department of Economics II, Warsaw School of Economics

author

Bartosz Witkowski

• Institute of Econometrics, Warsaw School of Economics

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