Spatial econometric models reveal complex links between growth and convergence.
The article explores different ways to analyze how regions grow and converge economically. It looks at how different areas can have unique characteristics that affect their development, and how these characteristics can be linked to each other. The researchers discuss models that can account for these differences, such as discrete heterogeneity models and geographically weighted regressions. They also highlight the importance of considering both spatial heterogeneity and spatial autocorrelation in these models. The findings suggest that understanding these complex relationships can help us better predict economic growth and convergence in different regions.