Regional convergence and spatial dependence: a worldwide perspective

Marcos Sanso-Navarro, María Vera-Cabello and Miguel Puente-Ajovín
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María Vera-Cabello: Centro Universitario de la Defensa de Zaragoza
Miguel Puente-Ajovín: Universidad de Zaragoza

The Annals of Regional Science, 2020, vol. 65, issue 1, No 7, 147-177

Abstract: Abstract 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.

JEL-codes: C23 O47 R11 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s00168-020-00978-4

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