A spatial econometric analysis of the regional growth and volatility in Europe
A spatial econometric analysis of the regional growth and volatility in Europe
复制标题
欧洲区域增长和波动的空间计量分析
DOI：
10.1007/s10663-008-9078-z
复制
发表时间：
2009
期刊：
影响因子：
1.3
通讯作者：
F. Sinabell
中科院分区：
文献类型：
--
作者：
M. Falk;F. Sinabell
我们以1995年至2004年的1,084个欧洲地区（EU 15）为样本，估计了考虑空间效应后人均GDP的平均增长率与增长率波动之间的关系。空间滞后和空间误差模型表明，区域人均增长率与波动率平均呈显著正相关。然而，纳入国家互动条款表明，波动性的影响是不统一的国家。特别是，增长与波动之间的关系对大多数国家来说是显著正的，但对三个国家（即芬兰、意大利和爱尔兰）来说是显著负的。
Based on a sample of 1,084 European regions (EU15) from 1995 to 2004, we estimate the relationship between the average growth rate of GDP per capita and the volatility of the growth rate allowing for spatial effects. The spatial lag and spatial error models show that the regional per capita growth rate and volatility are significantly positively related on average. However, the inclusion of country interaction terms reveals that the volatility impact is not uniform across countries. In particular, the relationship between growth and volatility is significantly positive for the majority of countries but significantly negative for three countries (namely Finland, Italy, and Ireland).