Advanced Search
MyIDEAS: Login to save this article or follow this journal

La distribución del crecimiento económico en España.1955-1993

Contents:

Author Info

  • HERRERA REVUELTA, J.

    (Universidad de Valladolid)

  • SANTAMARÍA FIDALGO, J.

    (Universidad de Valladolid)

Registered author(s):

    Abstract

    La convergencia entendida por la definición de Barro (1988) tiene como base teórica un modelo de crecimiento neoclásico donde el estado estacionario final es un nivel de producción per cápita que no crece en el tiempo, donde las diferencias entre las economías radican en factores institucionales que hacen diferente ese estado estacionario. Mankiw, Romer y Weill (1992), proponen un modelo deferente donde el estado estacionario es una tasa de crecimiento de la producción per cápita y no un nivel. En este caso, demuestran que los parámetros econométricos que miden la convergencia se refieren a la convergencia de cada economía a su propio estado estacionario y no de éstas entre sí. Recientemente, Angel de la Fuente(1998), obtiene que las economías obtienen un 25% de convergencia entre sus producciones per cápita por la actuación de los factores económicos. En este trabajo pretendemos contribuir al debate de la convergencia cuestionando uno de los supuestos implícitos del modelo que sirve de base para analizar la convergencia, cual es el de que el estado estacionario (tasa de crecimiento de largo plazo) sea el mismo para las diferentes economías. Utilizando la metodología de raíces unitarias desarrollada a partir de Perron(1988), Zivot y Andrews(1992) y Ben- David y Papell(1994) entre otros, calculamos las diferentes tasas de crecimiento de largo plazo en la CCAA españolas y analizamos la posibilidad de convergencia. The definition of convergence due to Barro(1988) has a theoretical basis the neoclassical growth model where the steady state is a constant per capita GDP that it does not growth on time, where the differences among regions are due to institutional factors. Mankiw, Romer and Weill(1992), proposed a different model where the steady state is a constant growth rate of per capita GDP. They show taht econometric paarameters that measure the convergence make reference to own economy convergence instead of convergence among them. Recently, Aqngel de la Fuente(1998) obtain taht only the 25% of the convergenge among economies is due to economic factors. In this paper we try to contribute to the debate over convergenge relaxing one of the implicit assumptions of the model using to stady convergence, such that the steady state growth rate is the same for all economies. Using unit root methodologie devolopped from Perron(1988), Zivot and Andrews(1992), and Ben-David and Pappell(1994), among others, we compute the steady state growth rates for the spanish CCAA and we analyse the convergence.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.revista-eea.net
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 14 (2000)
    Issue (Month): (Abril)
    Pages: 73-94

    as in new window
    Handle: RePEc:lrk:eeaart:14_1_6

    Contact details of provider:
    Postal: Beatriz Rodríguez Prado. Facultad de CC.EE. y EE. Avda. Valle del Esgueva. Valladolid 47011 SPAIN
    Phone: (34) 983 423320
    Fax: (34) 983 184568
    Web page: http://www.revista-eea.net
    More information through EDIRC

    Order Information:
    Email:
    Web: http://www.revista-eea.net

    Related research

    Keywords: Crecimiento; Convergencia; Test de Raíces Unitarias.;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Perron, P, 1988. "The Great Crash, The Oil Price Shock And The Unit Root Hypothesis," Papers, Princeton, Department of Economics - Econometric Research Program 338, Princeton, Department of Economics - Econometric Research Program.
    2. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 107(2), pages 407-37, May.
    3. William Easterly & Sergio Rebelo, 1993. "Fiscal Policy and Economic Growth: An Empirical Investigation," NBER Working Papers 4499, National Bureau of Economic Research, Inc.
    4. Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence Across States and Regions," Papers, Yale - Economic Growth Center 629, Yale - Economic Growth Center.
    5. de la Fuente, Angel, 2002. "On the sources of convergence: A close look at the Spanish regions," European Economic Review, Elsevier, Elsevier, vol. 46(3), pages 569-599, March.
    6. Dan Ben-David & David H. Papell, 1994. "The Great Wars, The Great Crash, and the Unit Root Hypothesis: Some New Evidence About an Old Stylized Fact," NBER Working Papers 4752, National Bureau of Economic Research, Inc.
    7. Zivot, Eric & Andrews, Donald W K, 1992. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 10(3), pages 251-70, July.
    8. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 94(5), pages 1002-37, October.
    9. Fabio Canova & Albert Marcet, 1995. "The poor stay poor: Non-convergence across countries and regions," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 137, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 1999.
    10. Edwards, Sebastian, 1993. "Openness, Trade Liberalization, and Growth in Developing Countries," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 31(3), pages 1358-93, September.
    11. Ezequiel Uriel Jiménez & Francisco Pérez García & Matilde Mas Ivars & Joaquín Maudos Villarroya, 1993. "Disparidades Regionales Y Convergencia En Las Cc.Aa. Españolas," Working Papers. Serie EC, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 1993-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:lrk:eeaart:14_1_6. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Beatriz Rodríguez Prado).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.