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Spatial growth volatility and age-structured human capital dynamics in Europe

Mamata Parhi and Tapas Mishra ()

Economics Letters, 2009, vol. 102, issue 3, 181-184

Abstract: We study dynamic output co-movements in Europe in a spatial setting where proportion of human capital and its appropriation pattern in production define distance among countries. Significant spatial output and shock correlations are found suggesting possible welfare-enhancing cross-country policy coordination.

Keywords: Spatial; growth; volatility; Non-linear; growth; Age-structured; human; capital; Semi-parametric; VAR (search for similar items in EconPapers)
Date: 2009
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Handle: RePEc:eee:ecolet:v:102:y:2009:i:3:p:181-184