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A regional growth model with external effects among spanish provinces. Un modelo de crecimiento con efectos externos entre las provincias españolas

Author

Listed:
  • Ángel Alañón Pardo

    (Departamento de Economía Aplicada I. Universidad Complutense de Madrid.)

  • Miguel Gómez de Antonio

    (Departamento de Economía Aplicada VI. Universidad Complutense de Madrid.)

Abstract

A non neoclassical growth model with external effects among Spanish provinces is estimated through cross section and panel data Spatial Econometrics techniques for the 1970-2000 period. There are two kind of regional product determinants: spatial variables (intra and interregional agglomeration forces) and non spatial variables (firm size and public capital). Results show that both intra regional and inter regional spatial variables are statistically significant, and the need of considering the use of Spatial Econometrics techniques when dealing with spatial data and phenomena. We find a positive relationship between public investment and regional economic growth, accepting Aschauer’s hypothesis for the Spanish economy.

Suggested Citation

  • Ángel Alañón Pardo & Miguel Gómez de Antonio, 2010. "A regional growth model with external effects among spanish provinces. Un modelo de crecimiento con efectos externos entre las provincias españolas," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 10-01, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
    • Handle: RePEc:ucm:doctra:10-01
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    More about this item

    Keywords

    Regional growth; Agglomeration; External effects; Spatial econometrics; Crecimiento regional; Aglomeración; Efectos externos; Econometría espacial;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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