The Contribution of Regions to Aggregate Growth in the OECD

José Enrique Garcilazo and Joaquim Oliveira Martins

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Abstract: This article investigates the contribution of regions to aggregate growth. We find a great degree of heterogeneity in the performance of Territorial Level 3 ( TL3) regions of the OECD (Organization for Economic Cooperation and Development). The regional contributions to aggregate growth follow a power law, with a coefficient around 1.2 (in absolute terms). This implies that Few-Large ( FL) regions contribute disproportionately to aggregate growth whereas Many-Small ( MS) individual regions contribute only marginally. Because the large number of these smaller regions and the decay of their contribution to growth is slow (generating a fat tail distribution), their cumulated contribution is actually around two-thirds of aggregate growth.

Keywords: power law; granularity; distributive growth model; Aggregate growth; regional growth; rural regions; urban regions; intermediate regions (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

Published in Economic Geography, 2015, 91 (2), ⟨10.1111/ecge.12087⟩

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Related works:
Journal Article: The Contribution of Regions to Aggregate Growth in the OECD (2015)
Journal Article: The Contribution of Regions to Aggregate Growth in the OECD (2015)
Working Paper: The Contribution of Regions to Aggregate Growth in the OECD (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01618192

DOI: 10.1111/ecge.12087

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