【摘要】This paper extends the seminal Blanchard and Katz regional labour market model toinclude interaction effects using a dynamic spatial panel data approach. Three key contributionsof this extended model are: (i) the unrealistic assumption that regions are independent of oneanother no longer has to be made, (ii) the magnitude and significance of so-called spillovereffects can be empirically assessed, and (iii) both the temporal and spatial propagation of labourdemand shocks can be investigated. Using annual data from 1986–2010 for 112 regions acrosseight EU countries, both the non-spatial and spatial models are estimated. It is found that themajority of the spillover effects are highly significant. Consistent with economic theory, theimpact of a region-specific demand shock is largest in the region where the shock instigates.The shock also propagates to other regions, especially impacting the first and second-orderneighbours.

【关键词】Regional labour markets;dynamic spatial panel models;spillover effects

【文献来源】Solmaria Halleck Vega;J. Paul Elhorst.Papers in Regional Studies.2014（4）