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 ()

No 18937, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We use a newly assembled sample of 1,503 regions from 82 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 is about 2.5% per year, not more than 1% per year faster than convergence 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.

JEL-codes: O43 O47 R11 (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-dev, nep-geo and nep-ure
Note: EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published as Nicola Gennaioli & Rafael La Porta & Florencio Lopez De Silanes & Andrei Shleifer, 2014. "Growth in regions," Journal of Economic Growth, Springer, vol. 19(3), pages 259-309, September.

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Related works:
Journal Article: Growth in regions (2014)
Working Paper: Growth in Regions
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