Regional External Economies and Economic Growth under Asymmetry
AbstractIn this article, we explore the impact of regional external economies from human capital accumulation on economic growth. In particular, we allow the extent of local and regional spillovers to vary between the home and foreign economies. Our analysis yields novel insights regarding the diffusion of knowledge across countries. In contrast to the standard, closedeconomy Lucas (1988) model, spillovers within the home country may adversely affect growth in the presence of substantial knowledge flows from the foreign country.
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Bibliographic InfoArticle provided by Southern Economic Association in its journal Southern Economic Journal.
Volume (Year): 75 (2009)
Issue (Month): 4 (April)
Find related papers by JEL classification:
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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- Kuwahara, Shiro, 2013. "Does international knowledge spillover always lead to a positive trickle down?," Journal of the Japanese and International Economies, Elsevier, vol. 27(C), pages 48-63.
- Gheorghe Săvoiu & Vasile Dinu & Laurenţiu Tăchiciu, 2012. "Romania Foreign Trade in Global Recession, Revealed by the Extended Method of Exchange Rate Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(31), pages 173-194, February.
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