Regional convergence and spatial dependence: a worldwide perspective

Sanso-Navarro, M. (Universidad de Zaragoza) ; Vera-Cabello, M. ; Puente-Ajovín, M. (Universidad de Zaragoza)

Resumen: This paper incorporates technological interdependence into a neoclassical regional growth framework with imperfect factor mobility, leading to a convergence equation with spatial effects. The empirical analysis is based on the estimation of a spatial Durbin panel data model and the implementation of multiple imputation techniques. Our results show that taking into account both unobserved heterogeneity and spatial dependence increases the estimated regional convergence rate. This provides an explanation for puzzling findings in the related literature. We also obtain evidence of heterogeneity across country groups regarding the regional speed of convergence and the degree of diffusion of technology. © 2020, Springer-Verlag GmbH Germany, part of Springer Nature.

Idioma: Inglés

DOI: 10.1007/s00168-020-00978-4

Año: 2020

Publicado en: Annals of Regional Science 65 (2020), 147–177
ISSN: 0570-1864

Factor impacto JCR: 2.646 (2020)

Categ. JCR: ECONOMICS rank: 115 / 375 = 0.307 (2020) - Q2 - T1
Categ. JCR: GEOGRAPHY rank: 42 / 85 = 0.494 (2020) - Q2 - T2
Categ. JCR: ENVIRONMENTAL STUDIES rank: 78 / 125 = 0.624 (2020) - Q3 - T2

Factor impacto SCIMAGO: 0.721 - Social Sciences (miscellaneous) (Q1) - Environmental Science (miscellaneous) (Q1)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S39-17R
Financiación: info:eu-repo/grantAgreement/ES/MEC/CAS16-00010
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2017-82246-P
Financiación: info:eu-repo/grantAgreement/ES/UZ/JIUZ-2016-SOC-14

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)