Ríos Ibáñez, Vicente
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Ríos Ibáñez
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Vicente
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Economía
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Publication Open Access Quality of government and regional resilience in the European Union. Evidence from the Great Recession(Wiley, 2019) Ezcurra Orayen, Roberto; Ríos Ibáñez, Vicente; Ekonomia; Institute for Advanced Research in Business and Economics - INARBE; EconomíaThis paper examines the relationship between quality of government and regional resilience in the European Union during the Great Recession. The results show that the quality of government is an important factor when shaping the regional reaction to the crisis. Our estimates reveal that higher quality of government is associated with greater regional resilience over the Great Recession. This is partly due to the role played in this context by spatial spillovers induced by the quality of government in neighbouring regions. The observed link between governance and regional resilience is robust to the inclusion in the analysis of different explanatory variables that may affect both government quality and regional resilience. Likewise, our findings do not depend on the specific dimension of governance considered, the estimation method or the econometric specification employed to capture the nature of spatial spillovers.Publication Open Access Quality of government in European regions: do spatial spillovers matter?(Taylor & Francis, 2019-10-21) Ezcurra Orayen, Roberto; Ríos Ibáñez, Vicente; Economía; Ekonomia; Institute for Advanced Research in Business and Economics - INARBEThis paper examines the role played by spatial spillovers in shaping the regional distribution of quality of government across the European Union. To do so, it constructs a hybrid spatial weights matrix combining geographical, technological and social distances between the European regions. The results reveal that the quality of government in neighbouring regions has a positive and statistically significant effect on one region¿s quality of government, which highlights the relevance of spatial effects in this context. This finding is robust to the inclusion in the analysis of different variables that may affect regional governance. Likewise, the observed effect of neighbouring regions does not depend on the specific dimension of governance considered, the spatial weights matrix used to describe the spatial linkages between the European regions, or the econometric specification employed to capture the nature of spatial spillovers. The results also show that policy innovations related to governance spread from regions with high and intermediate levels of quality of government.