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Nachdruck nur auszugsweise und mit genauer Quellenangabe gestattet. Abstract: We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial(More)
Since 1975, the extent of catching-up has been very different across Southern regions. Starting from the common arguments of growth theory, the paper wishes to show whether differences in regional income and growth can be attributed to different endowment in human capital, differences in private or public investment level, to structural imbalances, and(More)
Foreign Direct Investment (FDI) has surged in Latin America (LA) since the mid 1990s. Today European FDI outranks North American FDI in South America. We investigate the impact of European versus North American FDI on productivity growth analyzing more than 60 control variables. Country specific effects and parameter heterogeneity are incorporated in our(More)
During the 1990s, in many Latin American countries, foreign direct investment (FDI) from the European Union (EU) started to rank before FDI from North America (NA). We investigate the impact of EU-versus NA-FDI on the growth rate of Latin American output per labor force in a panel data growth model with country specific effects. We include a large set of 28(More)
This paper examines whether European integration, manifesting itself in increased trade and FDI linkages, new specializations and economic policy coordination, contributed to the synchronization of business cycles in the enlarged EU. We estimate the effects on bilateral growth rate correlations in 1995-2008 in a simultaneous equations model which permits to(More)
Nachdruck nur auszugsweise und mit genauer Quellenangabe gestattet. Abstract Since 1975, the extent of catching-up has been very different across Southern regions. Starting from the common arguments of growth theory, the paper wishes to show whether differences in regional income and growth can be attributed to different endowment in human capital,(More)
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