Income convergence in Japan: A Bayesian spatial Durbin model approach

Hajime Seya, Morito Tsutsumi and Yoshiki Yamagata

Economic Modelling, 2012, vol. 29, issue 1, 60-71

Abstract: With the collapse of the bubble economy in the early 1990s, economic disparities among both people and regions have arisen in Japan. Although developments in spatial econometrics have provided regional convergence studies with highly effective tools to explicitly consider spatial dependence and heterogeneity, there has as yet been no significant research on Japan's economic disparity using spatial econometrics. Moreover, most conventional regional convergence studies on Japan study the post-war high economic growth period before the economic bubble.

Keywords: Income convergence; Bayesian spatial Durbin model; β-convergence; σ-convergence (search for similar items in EconPapers)
JEL-codes: C21 D31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:1:p:60-71

DOI: 10.1016/j.econmod.2010.10.022

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