Working Paper BETA #2008-04

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Title : Spatial Growth Volatility and Age-structured Human Capital Dynamics in Europe

Author(s) : Mamata Parhi, Tapas Mishra

Abstract : In a semi-parametric spatial vector autoregressive setting this paper investigates the role of age-structured human capital on output comovements in Europe. Using the proportion of age-structured human capital growth and its degree of appropriations in output production as twin measures of distance, we find significant positive spatial growth volatility/persistence.

Key-words : Spatial growth volatility, Non-linear growth, Age-structured human capital, Semi-parametric VAR.

JEL Classification : C14, C31, E61, J11, O47