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Author: | Fuente, A. de la |
Title: | On the sources of convergence: A close look at the Spanish regions |
Journal: | European Economic Review
2002 : MAR, VOL. 46:3, p. 569-599 |
Index terms: | SPAIN GROWTH TECHNOLOGY HUMAN CAPITAL |
Language: | eng |
Abstract: | The authors investigate the sources of convergence across the Spanish regions. The authors develop and estimate a descriptive growth model that allows for factor accumulation, technological diffusion, rate effects from human capital and unobserved regional factors. The authors' results indicate that technological catch-up, the equalization of educational levels and the redistribution of employment across regions account for most of the observed reduction of regional disparities. The authors also find that there remain very significant cross-regional differences in estimated TFP levels that point to the omission of important variables and to the need for a more disaggregated analysis. |
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