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TFP convergence across European regions: a comparative spatial dynamics analysis

Di Liberto, Adriana and Usai, Stefano (2010) TFP convergence across European regions: a comparative spatial dynamics analysis. Cagliari, CRENoS - CUEC. p. 38 (Working Papers CRENoS, 2010, 30). ISBN 978-88-84-67-633-7. Working Paper.

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Abstract

This paper proposes a fixed-effect panel methodology that enables us to simultaneously take into account both TFP and traditional neoclassical convergence. We analyse a sample of 199 regions in EU15 (plus Norway and Switzerland) between 1985 and 2006 and find the absence of an overall process of TFP convergence as we observe that TFP dispersion is virtually constant across the two sub-periods. This result is proved robust to the use of different estimation procedures such as simple LSDV, spatially corrected LSDV, Kiviet-corrected LSDV, and GMM à la Arellano and Bond. However, we also show that this absence of a strong process of global TFP convergence hides interesting dynamic patterns across regions. These patterns are revealed by the use of recent exploratory spatial data techniques that enable us to obtain a complete picture of the complex EU cross-regions dynamics. We find that, between 1985 and 2006, there has been numerous regional miracles and disasters in terms of TFP performance and that polarization patterns have significantly changed along time. Overall, results seem to suggest that a few TFP leaders are emerging and are distancing themselves from the rest, while the cluster of low TFP regions is increasing.

Item Type:Working Paper
ID Code:5598
Status:Published
Uncontrolled Keywords:TFP, technology catching up, panel data, exploratory spatial data analysis
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, istituzioni e società
Publisher:CRENoS - CUEC
Copyright Holders:© CUEC 2010
ISBN:978-88-84-67-633-7
Publisher Policy:Depositato per gentile concessione del CRENoS e di CUEC
Deposited On:21 Feb 2011 11:36

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