Economic growth in Italian NUTS 3 provinces |
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Authors: | Domenica Panzera Paolo Postiglione |
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Affiliation: | 1. DEC, University G. d’Annunzio of Chieti Pescara, Via della Pineta 4, 65127?, Pescara, Italy
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Abstract: | This paper analyzes the conditional \(\beta \) -convergence hypothesis for NUTS 3 Italian provinces. A methodology for the simultaneous treatment of spatial dependence and spatial heterogeneity is developed. Spatial dependence is introduced in the economic model by assuming a spatial Durbin model specification. The absence of data experienced by some economic variables at the NUTS 3 level is addressed through a modified version of the Bayesian interpolation method introduced by Palma and Benedetti (J Geogr Syst 5:199–220, 1998). Spatial heterogeneity is taken into account by identifying convergence clubs. For this purpose, we use the modified simulated annealing algorithm introduced by Postiglione et al. (Comput Econ 42:151–174, 2013). The methodology is compared with the heteroscedastic approach proposed by Kelejian and Prucha (J Econom 157:53–67, 2010). |
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