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Physical And Human Capital And Brazilian Regional Growth: A Spatial Econometric Approach For The Period 1970-2010

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  • RICARDO CARVALHO DE ANDRADE LIMA
  • RAUL DA MOTA SILVEIRA NETO

Abstract

Carvalho R. and Silveira Neto R. Physical and human capital and Brazilian regional growth: a spatial econometric approach for the period 1970–2010, Regional Studies. This paper identifies the determinants of economic growth and analyses the dynamics of income using a panel of 522 Brazilian micro-regions for period 1970–2010. Based on the spatial extension of the Mankiw–Romer–Weil (MRW) model and explicitly considering both physical and human capital, the parameters of a Spatial Durbin Model (SDM) with fixed-effects are estimated. The direct and indirect impacts of the determinants of regional growth are then calculated. The results indicate strong spatial dependence among Brazilian micro-regions and that investments in both physical and human capital are important for the growth of the Brazilian regional economies.
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  • Ricardo Carvalho De Andrade Lima & Raul Da Mota Silveira Neto, 2016. "Physical And Human Capital And Brazilian Regional Growth: A Spatial Econometric Approach For The Period 1970-2010," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 164, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2014:164
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