Search results for "Management economics"
showing 3 items of 23 documents
A spatial econometric analysis of geographic spillovers and growth for European regions, 1980-1995
2001
The aim of this paper is to consider the geographical dimension of data in the estimation of the convergence of European regions and to emphasize geographic spillovers in regional economic growth phenomena. In a sample of 138 European regions over the 1980-1995 period, we show that the unconditional /? -convergence model is misspecified due to spatially autocorrelated errors. Its estimation by Ordinary Least Squares leads to inefficientestimators and invalid statistical inference. Using spatial econometric methods and a distance based weight matrix we then estimate an alternative specification, which takes into account the spatial autocorrelation detected and leads to reliable statistical i…
La dollarisation des économies émergentes
2002
Current discussions about dollarization/euroization are built on substitution models and cost/benefits analysis. This working paper aims to go beyond these explanations based on a functionalist definition of money. An institutionalist definition of money advocates analyzing de facto dollarization more broadly as a legitimacy crisis of the unit of account that damages monetary sovereignty and of whom authorities try to check in a kind o f institutional resistance. A macroeconomic definition of money involves questionning full and de jure dollarization consistency with both of principles guiding the monetary economy of production: (1) endogeneity of money; (2) merger between monetary space an…
Spatial econometrics (1, Spatial autocorrelation)
2000
Spatial econometric methods aim at taking into account the two special characteristics of spatial data: spatial autocorrelation, which is the lack of independence between geographical observations, and spatial heterogeneity, which is related to the differentiation of variables and behaviors in space. These techniques have been mostly developed the last ten years and are more often applied in empirical studies with geographical data.The aim of this article is to present the way spatial autocorrelation and spatial heterogeneity can be incorporated in regression relationships and to present the estimation and inference procedures adapted to the models incorporating these two effects. This arti…