Growth in regions

Nicola Gennaioli, Rafael La Porta, Florencio Lopez De Silanes () and Andrei Shleifer
Authors registered in the RePEc Author Service: Florencio Lopez-de-Silanes ()

Journal of Economic Growth, 2014, vol. 19, issue 3, 259-309

Abstract: We use a newly assembled sample of 1,528 regions from 83 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and human capital. Regional convergence rate is about 2 % per year, comparable to that between countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a neoclassical growth model suggests that significant barriers to factor mobility within countries are needed to account for the evidence. Copyright Springer Science+Business Media New York 2014

Keywords: Convergence; Mobility barriers; Human capital; O43; O47; R11 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (63)

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Related works:
Working Paper: Growth in Regions (2013)
Working Paper: Growth in Regions
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jecgro:v:19:y:2014:i:3:p:259-309

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DOI: 10.1007/s10887-014-9105-9

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