Spatial Dependence and Economic Growth: Evidence from a panel of Countries
The empirical literature about economic growth has usually ignored spatial interdependence among countries. This paper uses spatial econometrics to estimates a growth model that includes cross-country interdependence, in whitch a country's economic growth depends on the growth rate of its neighbords. Based on a sample of 98 countries over three decades (1965-75,1975-85, 1985-95) we find that espatial relationschip across countries are quite relevant. A country's economic growt is indeed affected by the perfomance of its neighbors and then influenced by its own geographical position. This results suggests that the spillover effects among countries are important for growth.Our results indicate that spatial interrelation can not be ignored in the analysis of economic growth. Ignoring such relationships can result in model misspecification.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (57-1) 3431111
Fax: (57-1) 2841686
Web page: http://www.banrep.gov.co/es/publicaciones-buscador/23
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:bdr:borrec:206. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Clorith Angélica Bahos Olivera)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.