Quotation Crespo Cuaresma, Jesus, Doppelhofer, Gernot, Huber, Florian, Piribauer, Philipp. 2018. Human Capital Accumulation and Long-Term Income Growth Projections for European Regions. Journal of Regional Science 58, 81-99.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Regional Science
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new VW-D, WH-B
Language English
Title Human Capital Accumulation and Long-Term Income Growth Projections for European Regions
Volume 58
Year 2018
Page from 81
Page to 99
Reviewed? Y
DOI http://dx.doi.org/10.1111/jors.12339

Associations

People
Crespo Cuaresma, Jesus (Details)
Doppelhofer, Gernot (Details)
Huber, Florian (Details)
Piribauer, Philipp (Former researcher)
Organization
Institute for Macroeconomics IN (Details)
Research Institute for Human Capital and Development FI (Former organization)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
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