Download time period and data set

AGRICULTURAL AND ECONOMIC
CONVERGENCE IN THE EU INTEGRATION
PROCESS: DO GEOGRAPHICAL
RELATIONSHIPS MATTER?
Sassi M.1 - Pecci F.2
1University
of Pavia, Dipartimento di Ricerche
Aziendali, Pavia, Italy
2University
of Verona, Dipartimento di
Economie, società ed Istituzioni, Verona Italy
OBJECTIVE
1. Objective
2. Relevance
of the topic
3. Methodology
4. Time period
and data set
Agricultural real
convergence
process
Enlargement form
EU-15 to UE-27
5. Results
6. Conclusions
GWR
approach
Economic real
convergence
process
1. Objective
RELEVANCE OF THE TOPIC
2. Relevance
of the topic
Political and financial
importance
3. Methodology
4. Time period
and data set
5. Results
Convergence
process
Integration and
income gap
reduction
6. Conclusions
Rural development
and cohesion
1. Objective
2. Relevance
of the topic
METHODOLOGY (1/2)
Standard OLS
growth regression
VS.
GWR
approach
3. Methodology
4. Time period
and data set
5. Results
Bias regression
coefficient
6. Conclusions
Invalid significant
tests
Locally different
parameters
Spatial spillovers
METHODOLOGY (2/2)
1. Objective
2. Relevance
of the topic
3. Methodology
4. Time period
and data set
5. Results
OLS
Global parameter
of convergence
1  yiT 
ln 
  0  1 ln( yi 0 )  i
T  yi 0 
GWR
Local parameters
of convergence
6. Conclusions
1 
ln
T 
y iT
y i0

   0 i   1i ln( y i0 )   i


Unknown parameters
more than
degrees of freedom
Weighted regression
Weight values inverse
function of the
distance
Adaptive bandwidth
bi-square function
1. Objective
TIME PERIOD AND DATA SET
2. Relevance
of the topic
1991-2007
3. Methodology
4. Time period
and data set
Agricultural gross
value added
N. of agricultural
workers
Total gross value
added
N. of total
workers
5. Results
6. Conclusions
Cambridge Econometrics’ annual time series
RESULTS: AGRICULTUAL SECTOR
1. Objective
2. Relevance
of the topic
3. Methodology
EU-15
EU-27
Global coefficient of
convergence –0.034
Global coefficient of
convergence –0.016
4. Time period
and data set
5. Results
6. Conclusions
1. Objective
2. Relevance
of the topic
RESULTS: AGRICULTURE AND ECONOMY
EU-27: AGRICULTURE
EU-27: ECONOMY
3. Methodology
4. Time period
and data set
5. Results
6. Conclusions
Global coefficient of
convergence –0.016
Global coefficient of
convergence –0.015
Spearman Rank Correlation Coefficient = -0.031
1. Objective
CONCLUSIONS (1/3)
2. Relevance
of the topic
Agricultural sector
3. Methodology
4. Time period
and data set
5. Results
6. Conclusions
No unique
convergence rate
No correlation
between the speed
of convergence at the
regional level
Economy
1. Objective
CONCLUSIONS (2/3)
2. Relevance
of the topic
Intensity of
convergence
process
3. Methodology
4. Time period
and data set
5. Results
Geographical
proximity
6. Conclusions
Direction of
convergence
process
1. Objective
CONCLUSIONS (3/3)
2. Relevance
of the topic
Neoclassical
theory?
3. Methodology
4. Time period
and data set
5. Results
6. Conclusions
Integration has
not supported
convergence
A better
understanding of
the factors of
growth