Beyond distance: The spatial relationships of European regional economic growth

Philipp Piribauer, Christian Glocker and Tamás Krisztin

Journal of Economic Dynamics and Control, 2023, vol. 155, issue C

Abstract: We analyze the spatial relationships of economic output dynamics in European regions from 2000 to 2019 using dynamic spatial autoregressive growth models. In contrast to previous studies that rely on exogenous spatial weight matrices based solely on geographical proximity, we use a novel Bayesian approach to fully estimate the spatial weight matrix. Our results show that economic and sectoral characteristics (e.g. sectoral production structure, education, etc.) significantly influence the degree of regional interdependence. The approach thus allows to study the complex dynamics of regional economic development beyond mere distance.

Keywords: European regional growth; Bayesian spatial econometric panel model; Estimation of spatial weight matrix; Spatial spillovers (search for similar items in EconPapers)
JEL-codes: C23 C33 R11 R12 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:155:y:2023:i:c:s0165188923001410

DOI: 10.1016/j.jedc.2023.104735

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