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Convergence: International comparisons based on a simultaneous equation model with regional effects

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  • Bernard Fingleton

Abstract

A structural model incorporating regional effects is fitted to cross-sectional data for 60 countries. The model integrates various strands in the literature, including the dynamic Verdoorn Law linking productivity growth to output growth, and relationships between educational attainment, trade and innovativeness. Most notably, the structural model supports the thesis that a country's innovativeness and, consequently, capital stock growth, depend on the level of technology in the 'surrounding' region.The approach adopted is set within the context of the theoretical and empirical analysis of increasing returns and cumulative causation. However, the resulting parameter estimates lead to a reduced form that implies convergence to an equilibrium rather than divergent productivity levels. The equilibrium productivity level ratios (vis-a-vis the USA) indicate that countries are converging on different levels, although a group does attain the USA productivity level.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal International Review of Applied Economics.

Volume (Year): 14 (2000)
Issue (Month): 3 ()
Pages: 285-305

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Handle: RePEc:taf:irapec:v:14:y:2000:i:3:p:285-305

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Cited by:
  1. Carton, Christine, 2009. "Mecanismos kaldorianos del crecimiento regional: Aplicación empírica al caso del ALADI (1980-2007)
    [Kaldorian mechanisms of regional growth: An empirical application to the case of ALADI 1980-200
    ," MPRA Paper 15675, University Library of Munich, Germany.
  2. Maria ABREU & Henri L.F. DE GROOT & Raymond J.G.M. FLORAX, 2005. "Space And Growth: A Survey Of Empirical Evidence And Methods," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 21, pages 13-44.
  3. Sandy Dall'erba & Eveline Van Leeuwen, 2006. "Does Agricultural Employment Benefit From Eu Support?," ERSA conference papers ersa06p96, European Regional Science Association.
  4. Lydia Greunz, 2001. "European regional growth, technology gap and R&D efforts," ERSA conference papers ersa01p92, European Regional Science Association.
  5. Ana Poças & Elias Soukiazis, 2012. "Explaining the interrelations between health, education and standards of living in Portugal. A simultaneous equation approach," GEMF Working Papers 2012-06, GEMF - Faculdade de Economia, Universidade de Coimbra.
  6. Bode, Eckhardt & Bickenbach, Frank, 2002. "Markov or not Markov - this should be a question," ERSA conference papers ersa02p024, European Regional Science Association.
  7. Maria Abreu & Henri L.F. de Groot & Raymond J.G.M. Florax, 2004. "Space and Growth," Tinbergen Institute Discussion Papers 04-129/3, Tinbergen Institute.
  8. Eckey, Hans-Friedrich & Türck, Matthias, 2007. "Convergence of EU-Regions. A Literature Report," Investigaciones Regionales, Asociación Española de Ciencia Regional, issue 10, pages 5-32.
  9. Elias Soukiazis & Micaela Antunes, 2013. "Growth Performance in Portugal since the 1960s: A Simultaneous Equation Approach with Cumulative Causation Characteristics," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 47(1), pages 169-192, March.
  10. Ardeshir Sepehri & Saeed Moshiri, 2004. "Inflation-Growth Profiles Across Countries: Evidence from Developing and Developed Countries," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 191-207.
  11. Maria Abreu & Henri L.F. de Groot & Raymond J.G.M. Florax, 2004. "Space and Growth," Tinbergen Institute Discussion Papers 04-129/3, Tinbergen Institute.
  12. Stéphane VIROL (IERSO-IFReDE-GRES), 2006. "Three dimensions of regional integration process in Europe: an approach by spatial econometrics (In French)," Cahiers du GRES 2006-16, Groupement de Recherches Economiques et Sociales.

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