We examine the empirical impact of FDI and neighbourhood spillover on regional income convergence via technology diffusion in the Pacific Basin. The capacity of parametric estimation to trace the evolution of economies is found wanting as it conceals this evolution by averaging across economies.
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Paper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number
01-02.
Find related papers by JEL classification: C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East R10 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General