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The spatial dynamics of growth and convergence in Korean regional incomes

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  • Paul Evans
  • Ji Uk Kim

Abstract

We investigate whether the convergence hypothesis in 13 Korean regional economies for the period 1985 to 2011 exists allowing technological spillover and spatial interdependence. We use the spatial dynamic panel data approach including the spatial Durbin model. When we use the spatial lag model (SAM) with spatial fixed, we find that there is a positive spillover effect of growth among Korean regions and that convergence speed rate is faster than the model without spatial interdependence. However, when we use the SAM with time period fixed, or spatial fixed and time-period fixed effects, these results do not support convergence hypothesis of regional incomes. Therefore, we have to be careful to approach conclusion about convergence hypothesis in Korean regional incomes.

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  • Paul Evans & Ji Uk Kim, 2014. "The spatial dynamics of growth and convergence in Korean regional incomes," Applied Economics Letters, Taylor & Francis Journals, vol. 21(16), pages 1139-1143, November.
    • Handle: RePEc:taf:apeclt:v:21:y:2014:i:16:p:1139-1143
    DOI: 10.1080/13504851.2014.914133
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    Cited by:

    1. Liangjun Su & Xi Qu, 2017. "Specification Test for Spatial Autoregressive Models," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 35(4), pages 572-584, October.
    2. Abhimanyu Gupta & Xi Qu, 2021. "Consistent specification testing under spatial dependence," Papers 2101.10255, arXiv.org, revised Aug 2022.
    3. Kripfganz, Sebastian, 2014. "Unconditional Transformed Likelihood Estimation of Time-Space Dynamic Panel Data Models," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100604, Verein für Socialpolitik / German Economic Association.

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