Essays on empirical macroeconomics [Elektronische Ressource] : convergence and risk sharing / Falko Jüßen

Essays on Empirical Macroeconomics:Convergence and Risk SharingInauguraldissertationzur Erlangung des akademischen GradesDoctor rerum politicarumder Universität DortmundFalko JüßenMay 2006ContentsPreface viii1Introduction 11.1PartI:RegionalConvergenceinGermany............ 21.2PartI:RiskSharinginGermanyandtheUS.......... 8I Regional Convergence in Germany 152 Convergence in Unemployment Rates 162.1 Introduction............................. 162.2Theoreticalconcepts........................ 182.3Dataandgraphicalanalysis.................... 202.3.1 Data............................. 202.3.2 Graphicalanalysis..................... 22.4Unit-roottestswithoutstructuralbreaks............. 242.4.1 Univariateunit-roottests................. 242.4.2 Panelunit-roottests.................... 262.5Unit-roottestswithstructuralbreaks............... 312.5.1 Testprocedure....................... 322.5.2 Testresults......................... 342.5.3 Spedofconvergence. 372.6Interpretationanddiscusion.................... 382.7 Conclusion .............................. 413 Regional GDP Convergence in Germany 433.1 Introduction........ 433.2 Literature . 453.3Data................................. 473.4Empiricalanalysis.......................... 49iCONTENTS ii3.4.1 DensityfunctionsofrelativeGDP............. 503.4.2 Intradistributionmobility................. 543.4.3 Long-termanalysis..................... 583.4.4 Robustnestests...................... 613.5 Conclusion ..