Alicante-G40-R Spatial spillover a local development
Tracks
Refereed/Ordinary Session
| Wednesday, August 30, 2023 |
| 16:45 - 18:30 |
| 0-B03 |
Details
Chair: Angela Parenti
Speaker
Dr. Cristiano Ricci
Post-Doc Researcher
University Of Pisa
Nightlights as a measure of local development: the case of Italy
Author(s) - Presenters are indicated with (p)
Cristiano Ricci (p), Angela Parenti, Davide Fiaschi
Discussant for this paper
Marcela Guachamìn
Abstract
In this paper, we show that, while there exists a strong cross-sectional correlation between nightlights and personal income and population, the dynamics of personal income and population can only be partially proxied by nightlights at the municipal level in Italy in the period 2012-2019 due to the presence of a downward trend in the intensity of nightlights, whose slope is positively correlated with the intensity of nightlights in 2012. We also discuss how the aggregation at NUTS 3 and 2 levels can (falsely) increase the capacity of nightlights to proxy for the local dynamics of personal income and population. Our findings point to a possible misuse of nightlights for the study of local development, at least for developed countries.
Dr. Marcela Guachamìn
Assistant Professor
Universidad Escuela Politécnica Nacional Del Ecuador
Does globalization generate macro-financial systemic transmission in South American countries?
Author(s) - Presenters are indicated with (p)
Marcela Guachamìn (p)
Discussant for this paper
Cristiano Ricci
Abstract
This paper examines if trade and financial globalization are drivers of macro-financial
systemic transmission and if there is a macro-financial contagion risk through the interconnection
of country’s economic cycle synchronization, bilateral trade and trade agreement linkages
among 10 South American countries for the 1978-2014 period, using spatial econometric techniques.
Our results are robust and find that both financial and trade globalization are channels of
macro-financial transmission. Given that, an increase of financial openness lead to the macrofinancial
risk also increases. When trade openness increases, the macro-financial risk decreases.
We verify that the propagation of contagion derives from the three linkages.
systemic transmission and if there is a macro-financial contagion risk through the interconnection
of country’s economic cycle synchronization, bilateral trade and trade agreement linkages
among 10 South American countries for the 1978-2014 period, using spatial econometric techniques.
Our results are robust and find that both financial and trade globalization are channels of
macro-financial transmission. Given that, an increase of financial openness lead to the macrofinancial
risk also increases. When trade openness increases, the macro-financial risk decreases.
We verify that the propagation of contagion derives from the three linkages.
Prof. Angela Parenti
Associate Professor
Università di Pisa
Spatial Aggregation-Repulsion-Diffusion model: theory and estimation
Author(s) - Presenters are indicated with (p)
Angela Parenti (p), Davide Fiaschi, Cristiano Ricci
Discussant for this paper
Marcela Guachamìn
Abstract
In this paper, we propose a novel spatial econometric model, denoted as Spatial Aggregation-Repulsion-Diffusion (SARD). The model is derived as the approximation of a class of micro-founded growth models in a diversified space, which encompasses both local accumulation and agglomerative, repulsive and diffusive forces driving spatial factor reallocation. The estimate of the SARD model for the income of Italian municipalities over the period 2014-2019 supports the main predictions derived by the theory, and outperforms the most common spatial econometric models used in the literature.
