Regional macroeconomic modelling 2400-ENSM049A
The first part of the course will be devoted to the review of existing studies concerning regional macroeconomic modelling. This includes CGE modelling, traditional macroeconomic modelling and spatial econometrics. The importance of the regional macroeconomic modelling is systematically increasing which is particularly visible at the time of analyzing new econometric tools. During the course we will discuss the possibility of formal economic analysis of issues that up to now were not necessarily covered by the mainstream economy. This may include regional labor markets, convergence issues, different regional policies, impact analysis, etc.
The second part of the course will be dedicated to preparation of the M.A. thesis. Students will have to choose the subject of interest and then systematically present their advances to other participants of the course.
Type of course
Course coordinators
Learning outcomes
A) Knowledge
Student has a knowledge concerning the subject of its thesis; he also has a knowledge related to the impact of geography on economic development. Moreover, he has a knowledge concerning the most important macroeconomic models.
B) Skills
Student is able to gather and analyse the literature on chosen subject. Student is able to prepare a multimedia presentation concerning its M.A. thesis. Student is able to choose the subject of its M.A. thesis, based on criteria provided by the lecturer, and prepare a high quality thesis.
C) Social competencies
Student knows about the necessity of verifying the economic theory through empirical analysis. Furthermore, he knows about the limitations of models used in empirical analysis. Student understands the importance of particular sectors on global economy. Moreover, he knows that particular sectors may be of importance for particular regions or countries.
KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03
Assessment criteria
Assessment based on class presentations
Bibliography
Arbia, G., and Piras, G. (2005). Convergence in per capita GDP Across European Regions Using Panel Data Models Extended to Spatial Autocorrelation Effects. Instituto di Studi e Analisi Economica, Working Paper 51.
Armstrong, H. (1995). Convergence Among Regions of the European Union. 1950 – 1990. Papers in Regional Science 74: 143-152.
Artobolevskiy, S. (1997). Regional Policy in Europe. London: Jessica Kingsley Publishers.
Baldwin, R., Forslid, R., Martin, P., Ottaviano, G., and Robert-Nicoud, F. (2003). Economic Geography and Public Policy. Princeton and Oxford: Princeton University Press.
Baltagi, B. H., Rokicki, B. (2014). The Spatial Polish Wage Curve with Gender Effects: Evidence from the Polish Labor Survey. Regional Science and Urban Economics 49, 36-47.
Barro, R.J., and Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy 100(2): 223-251.
Boldrin, M., and Canova, F. (2001). Inequality and Convergence: Reconsidering European Regional Policies. Economic Policy 32: 207-253.
Brakman, S., Garretsen, H., Gorter, J., van der Horst, A., and Schramm, M. (2005). New Economic Geography, Empirics, and Regional Policy. CPB Netherlands Bureau for Economic Policy Analysis, CPB Special Publications 56.
Cappelen, A., Castelacci, F., Fagerberg, J., and Verspagen, B. (2003). The Impact of EU Regional Support on Growth and Convergence in the European Union. Journal of Common Market Studies 41(4): 621-644.
Dall’erba, S., and Le Gallo, J. (2003). Regional Convergence and the Impact of European Structural Funds over 1989-1999: A Spatial Econometric Analysis. Discussion Paper REAL 03-T-14, University of Illinois at Urbana-Champaign.
Forslid, R., Haaland, J. I., and Midelfart Knarvik, K. H. (2002). A U-shaped Europe? A Simulation Study of Industrial Location. Journal of International Economics 57: 273-297.
Fujita, M., Krugman, P., and Venables, A. (1999). The Spatial Economy: Cities, Regions and International Trade. Cambridge: The MIT Press.
Hanson, G. (1996). Economic Integration, Intraindustry Trade and Frontier Regions. European Economic Review 40: 941-949.
Landesmann, M., and Römisch, R. (2006). Economic Growth, Regional Disparities and Employment in the EU27. The Vienna Institute for International Economic Studies, Research Report 333.
Molle, W. (2008). European Cohesion Policy. London and New York: Routledge.
Paas, T., and Schlitte, F. (2007). Regional Income Inequality and Convergence Processes in the EU-25. Hamburg Institute of International Economics, Research Paper 1-11.
Puigcerver-Penalver, M-C. (2007). The Impact of Structural Funds Policy on European Regions' Growth. A Theoretical and Empirical Approach. The European Journal of Comparative Economics 4(2): 179-208.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: