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Convergence, Human Capital and International Spillovers

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  • ERTUR, Cem

    ()
    (LEG - CNRS UMR 5118 - Université de Bourgogne)

  • KOCH, Wilfried

    ()
    (LEG - CNRS UMR 5118 - Université de Bourgogne)

Abstract

This paper develops a growth model with physical and human capital externalities to- gether with technological interdependence between economies. It leads to a spatial autore- gressive reduced form for the convergence equation characterized by parameter heterogeneity. A locally linear spatial autoregressive speci¯cation is then estimated providing a di(r)erent convergence speed estimate for each country in a sample of 89 countries over the period 1960-1995. Finally, counterfactual density estimates show that our model better ¯ts the observed income distribution than the well known augmented neoclassical growth model.

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Bibliographic Info

Paper provided by LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne in its series LEG - Document de travail - Economie with number 2006-03.

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Length: 20 pages
Date of creation: Mar 2006
Date of revision:
Handle: RePEc:lat:legeco:2006-03

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Keywords: Conditional convergence ; spatial externalities ; spatial autocorrelation ; bayesian estimation ; parameter heterogeneity ; locally linear estimation;

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References

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Citations

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Cited by:
  1. Ahmad, Mahyudin & Hall, Stephen G., 2012. "Institutions and growth: Testing the spatial effect using weight matrix based on the institutional distance concept," MPRA Paper 42294, University Library of Munich, Germany.
  2. Cem Ertur & Wilfried Koch, 2005. "Growth, Technological Interdependence and Spatial Externalities - Theory and Evidence," ERSA conference papers ersa05p651, European Regional Science Association.
  3. Manfred Fischer, 2011. "A spatial Mankiw–Romer–Weil model: theory and evidence," The Annals of Regional Science, Springer, vol. 47(2), pages 419-436, October.
  4. Cem Ertur & Julie Le Gallo, 2008. "Regional Growth and Convergence: Heterogenous reaction versus interaction in spatial econometric approaches," Working Papers hal-00463274, HAL.
  5. Valerien O. Pede, 2013. "Diversity And Regional Economic Growth: Evidence From Us Counties," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(3), pages 111-127, September.

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