RT Journal Article
SR 00
ID 10.1111/jors.12339
A1 Crespo Cuaresma, J.
A1 Doppelhofer, G.
A1 Huber, F.
A1 Piribauer, P
T1 Human capital accumulation and long-term income growth projections for European regions
JF Journal of Regional Science
YR 2018
FD 2018-01-01
VO 58
IS 01
SP 81
OP 99
AB We propose an econometric framework to construct projections for per capita income growth and human capital for European regions. Using Bayesian methods, our approach accounts for model uncertainty in terms of the choice of explanatory variables, the nature of spatial spillovers, as well as the potential endogeneity between output growth and human capital accumulation. This method allows us to assess the potential contribution of future educational attainment to economic growth and income convergence among European regions over the next decades. Our findings suggest that income convergence dynamics and human capital act as important drivers of income growth for the decades to come.
PB Wiley
SN 00224146
LK https://pure.iiasa.ac.at/id/eprint/14538/