Growth and externalities across economies : an empirical analysis using spatial econometrics

Recent theoretical models of economic growth have emphasised the role of external effects on the accumulation of factors of production. Although most of the literature has considered the externalities across firms within a region, in this paper we go a step further and consider the possibility that these externalities cross the barriers of regional economies. We assess the role of these external effects in explaining growth and economic convergence. We present a simple growth model, which includes externalities across economies, developing a methodology for testing their existence and estimating their strength. In our view, spatial econometrics is naturally suited to an empirical consideration of these externalities. We obtain evidence on the presence of significant externalities both across Spanish and European regions.

Growth and externalities across economies : an empirical analysis using spatial econometrics

Recent theoretical models of economic growth have emphasised the role of external effects on the accumulation of factors of production. Although most of the literature has considered the externalities across firms within a region, in this paper we go a step further and consider the possibility that these externalities cross the barriers of regional economies. We assess the role of these external effects in explaining growth and economic convergence. We present a simple growth model, which includes externalities across economies, developing a methodology for testing their existence and estimating their strength. In our view, spatial econometrics is naturally suited to an empirical consideration of these externalities. We obtain evidence on the presence of significant externalities both across Spanish and European regions.

Pour les jeunes filles / par Mmes Trouessart, Riboulet, Maisonneuve et Amélie Perronet ; illustrations de Emile Bayard, Loevy, Maitrejean... [et al.]

Collection : Collection Picard

Catalogue des estampes anciennes des écoles anglaise et française du XVIIIe siècle imprimées en nopir et en couleurs, caricatures, costumes..., portraits et pièces historiques..., dont la vente, après décès de M. Victorien Sardou, aura lieu à Paris, hôtel des commissaires-priseurs... les 5, 6, 7 et 8 mai 1909... / [expert] A. Danlos

[Vente. Estampes. 1909-05-05 - 1909-05-08. Paris]

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