Convergence, Human Capital and International Spillovers

Cem Ertur and Wilfried Koch ()

No 2006-03, LEG - Document de travail - Economie from LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne

Abstract: This paper develops a growth model with physical and human capital externalities to- gether with technological interdependence between economies. It leads to a spatial autore- gressive reduced form for the convergence equation characterized by parameter heterogeneity. A locally linear spatial autoregressive speci¯cation is then estimated providing a di(r)erent convergence speed estimate for each country in a sample of 89 countries over the period 1960-1995. Finally, counterfactual density estimates show that our model better ¯ts the observed income distribution than the well known augmented neoclassical growth model.

Keywords: Conditional convergence; spatial externalities; spatial autocorrelation; bayesian estimation; parameter heterogeneity; locally linear estimation (search for similar items in EconPapers)
JEL-codes: C14 C21 O41 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2006-03
New Economics Papers: this item is included in nep-dev and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Working Paper: Convergence, Human Capital and International Spillovers (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:lat:legeco:2006-03

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