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Growth, convergence and (why not?) regional externalities

Author

Listed:
  • Esther Vaya Valcarce
  • Enrique Lopez Bazo
  • Manuel Artis Ortuno

    (Universitat de Barcelona)

Abstract

This paper considers the effects of regional externalities in economic growth. We define two types of regional spillovers: demand-driven and supply-driven. Both types seem to be significantly positive and the results show how the omission of these effects in a growth equation may downward bias the estimated rate of convergence by assingning the effect of regional externalities to the convergence parameter. We propose the use of spatial econometrics techniques to test and estimate the presence of such externalities.

Suggested Citation

  • Esther Vaya Valcarce & Enrique Lopez Bazo & Manuel Artis Ortuno, 1998. "Growth, convergence and (why not?) regional externalities," Working Papers in Economics 31, Universitat de Barcelona. Espai de Recerca en Economia.
  • Handle: RePEc:bar:bedcje:199831
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    Cited by:

    1. Antonio Ciccone & Giovanni Peri & Douglas Almond, "undated". "Capital, Wages, and Growth: Theory and Evidence," Working Papers 152, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. Moreno, Rosina & López-Bazo, Enrique & Vaya, Esther & Artís, Manuel, 2000. "External Effects And Cost Of Production," ERSA conference papers ersa00p193, European Regional Science Association.
    3. Sassi, Maria & Pecci, Francesco, 2008. "Agricultural and Economic Convergence in the EU Integration Process: Do Geographical Relationships Matter?," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44459, European Association of Agricultural Economists.

    More about this item

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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