IDEAS home Printed from https://ideas.repec.org/a/fan/restre/vhtml10.3280-rest2012-003004.html
   My bibliography  Save this article

Evaluating the effects of heteroscedasticity on the economic growth of EU regions

Author

Listed:
  • Paolo Postiglione

Abstract

The hypothesis of homoscedasticity of errors is convenient for the simplification of the estimation procedures. Unfortunately, this assumption is rather restrictive in the case of the analysis of spatially distributed data. Spatial units, in fact, can be very different in size and in other economic characteristics. This circumstance suggests the presence of heteroscedasticity in this typology of data. In this paper we study the effects of heteroscedasticity in regional economic convergence. We use two different estimators of the coefficient of variance and covariance matrix recently introduced in spatial econometrics literature that take into account the heteroscedasticity highlighted by the error terms. This methodology can be considered a suitable alternative to the identification of convergence clubs that represents a very popular approach for the analysis of structural economic differences between regions. The empirical analysis concerns the estimate of conditional economic convergence on EU NUTS 2 regions for the period 1981-2004.

Suggested Citation

  • Paolo Postiglione, 2012. "Evaluating the effects of heteroscedasticity on the economic growth of EU regions," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2012(3), pages 59-77.
    • Handle: RePEc:fan:restre:v:html10.3280/rest2012-003004
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=46771&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Econometria Spaziale; B-convergenza; eteroschedasticit?; regioni europee; GMM; funzione Kernel;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:restre:v:html10.3280/rest2012-003004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=142 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.