The Spatial Dimension of Trade- and FDI-Driven Productivity Growth in Chinese Provinces: A Global Cointegration Approach

Mitze, Timo; Özyurt, Selin

doi:10.2139/ssrn.1988196

Cited by 2 publications

(1 citation statement)

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“…In the present context of evaluating regional labor market response patterns, it is most natural, however, to take neighborhood conditions into account for parameter estimation. Recently, the combination of (panel) cointegration or error correction methods and spatial econometrics is attracting an increased interest in the applied and methodological literature (see, e.g., chapter 4.6 in Elhorst 2014; Beenstock and Felsenstein 2010; Marquez, Ramajo, and Hewings 2006, 2010; Mitze and Özyurt 2014). In the terminology of Beenstock and Felsenstein (2010), the ECM in (1) focusses on cointegration within panel units (“local” cointegration).…”

Section: The Spatial Regression Modelmentioning

confidence: 99%

Regional Labor Market Performance in Europe

Herwartz

Niebuhr

2016

International Regional Science Review

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The labor market effects of the recent financial and economic crisis are rather heterogeneous across countries and regions. Such differences in labor market performance among industrialized countries are an issue of ongoing research. The objective of this article is to analyze labor market disparities among European regions and to provide evidence on the factors behind these differences. Whereas previous research focused on the effects of national labor market institutions, we also take structural characteristics of regions into account and investigate differences in labor demand responsiveness and their potential determinants. The data set covers the Nomenclature des unités territoriales statistiques 2 regions in the EU15 for the period 1980 to 2008. We employ an error correction model that is combined with spatial residual correlation. Our findings point to substantially distinct wage and output elasticities of employment among European countries and regions. Moreover, the rate of adjustment to disequilibrium is subject to significant variation across units of observation. There is robust evidence that labor market institutions affect Downloaded from the adjustment speed of regional labor markets and the wage elasticity of employment. Moreover, the findings suggest that some characteristics of regional labor markets matter as well. However, corresponding results are less robust compared with the evidence on labor market institutions.

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Section: The Spatial Regression Modelmentioning

confidence: 99%

Regional Labor Market Performance in Europe

Herwartz

Niebuhr

2016

International Regional Science Review

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Local and Spatial Cointegration in the Wage Curve -- A Spatial Panel Analysis for German Regions

Kosfeld

Dreger

2015

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract. The wage curve introduced by Oswald (1990, 1994) postulates a negative correlation between wages and unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on unionized bargaining or the efficiency wage hypothesis. Spatial econometric approaches can be rationalized by monopsonistic competition. However, the approaches either ignore the issue of nonstationarity or treat the data as if it were nonspatial. In this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for nonstationarity of regional data. By specifying a spatial error correction model (SpECM), equilibrium adjustments are considered in both space and time. Applying the methodology for West German labour markets, we find strong evidence for the existence of a long-run wage curve with spatial effects. Terms of use: Documents in

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The Spatial Dimension of Trade- and FDI-Driven Productivity Growth in Chinese Provinces: A Global Cointegration Approach

Cited by 2 publications

References 43 publications

Regional Labor Market Performance in Europe

Regional Labor Market Performance in Europe

Local and Spatial Cointegration in the Wage Curve -- A Spatial Panel Analysis for German Regions

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