Institutions-growth spatial dependence: An empirical test
AbstractDo institutions spatially affect growth? By employing a neoclassical growth model with institutional controls and augmenting the model with a formal spatial framework, this study finds evidence that institutions has spatial spillover effect on economic growth based on a panel observation from 58 developing countries for the period between 1985-2008. This study also shows that the spatial lag model is the most appropriate to model the spillover effect.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42360.
Date of creation: 25 Oct 2012
Date of revision:
Institutions; economic growth; spatial dependence; spillover effect; spatial lag model;
Find related papers by JEL classification:
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-FDG-2012-11-11 (Financial Development & Growth)
- NEP-GEO-2012-11-11 (Economic Geography)
- NEP-URE-2012-11-11 (Urban & Real Estate Economics)
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