caa a22 4500 46789616X CHVBK 20180406152804.0 cr unu---uuuuu 170328e20060901xx s 000 0 eng 10.1007/s00181-006-0053-x doi (NATIONALLICENCE)springer-10.1007/s00181-006-0053-x Convergence in per-capita GDP across European regions: a reappraisal [Elektronische Daten] [Valentina Meliciani, Franco Peracchi] This paper studies convergence in per-capita GDP across European regions over the period 1980-2000. We use median unbiased estimators of the rate of convergence to the steady-state growth path, while allowing for unrestricted patterns of heterogeneity and spatial correlation across regions. By permitting the model parameters to be completely different across regions, not only we avoid imposing strong a priori assumptions but we are also able to analyze the spatial patterns in the estimated coefficients. Our results differ from those found using conventional estimators. The main differences are: i) the mean rate of convergence is much lower; ii) for most regions this rate is zero; iii) the number of regions for which we reject equality in trend growth rates is substantially lower. We also find significant evidence of correlation of growth rates across neighbor regions and across regions belonging to the same country. Springer-Verlag, 2006 Regional convergence nationallicence Median unbiased estimation nationallicence Heterogeneous panel models nationallicence Meliciani Valentina University of Teramo, Teramo, Italy aut Peracchi Franco Faculty of Economics, Tor Vergata University, I-00133, Rome, Italy aut Empirical Economics Physica-Verlag 31/3(2006-09-01), 549-568 0377-7332 31:3<549 2006 31 181 https://doi.org/10.1007/s00181-006-0053-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-006-0053-x text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Meliciani Valentina University of Teramo, Teramo, Italy aut NATIONALLICENCE 700 1- Peracchi Franco Faculty of Economics, Tor Vergata University, I-00133, Rome, Italy aut NATIONALLICENCE 773 0- Empirical Economics Physica-Verlag 31/3(2006-09-01), 549-568 0377-7332 31:3<549 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer