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Geographical Spillovers and Growth

Author

Listed:
  • Jean-François BRUN

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

  • Jean-Louis COMBES

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

  • Pascale COMBES MOTEL

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

Abstract

One of the main subjects in the theory of economic growth is to explain regional differences among rates of growth. In this paper, we address this issue through the notion of the "underdevelopment trap". Such a trap may be the result of strategic complementarities between investment decisions which generate multiple equilibria. The latter may be Pareto inefficient because of technological externalities. We test our model on international pooled data on the period 1970-90. The econometric analysis shows that economic growth rates depend on regional investment decisions. Moreover, it appears that such regional spillovers are channeled mainly through the physical rather than through the human capital stock.

Suggested Citation

  • Jean-François BRUN & Jean-Louis COMBES & Pascale COMBES MOTEL, 1999. "Geographical Spillovers and Growth," Working Papers 199904, CERDI.
    • Handle: RePEc:cdi:wpaper:103
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    File URL: http://publi.cerdi.org/ed/1999/1999.04.pdf
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