This paper considers the effects of regional externalities in economic growth. We define two types of regional spillovers: demand-driven and supply-driven. Both types seem to be significantly positive and the results show how the omission of these effects in a growth equation may downward bias the estimated rate of convergence by assingning the effect of regional externalities to the convergence parameter. We propose the use of spatial econometrics techniques to test and estimate the presence of such externalities.
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Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number
31.
Length: 0 pages Date of creation: 1998 Date of revision: Handle: RePEc:bar:bedcje:199831
Contact details of provider: Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain. Web page: http://www.ere.ub.es More information through EDIRC
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Find related papers by JEL classification: O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
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