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Paper #194

Títol:
Externalities and interdependent growth: Theory and evidence
Autor:
Antonio Ciccone
Data:
Octubre 1996
Resum:
I formulate and estimate a model of externalities within countries and technological interdependence across countries. I find that external returns to scale to physical capital within countries are 8 percent; that a 10 percent increase of total factor productivity of a country's neighbors raises its total factor productivity by 6 percent; and that a 2 percent annual growth rate of labor productivity can be explained as an endogenous response to an exogenous 0.2 percent annual growth rate of total factor productivity in the steady--state.
Paraules clau:
Spatial externalities, growth regressions, exogenous growth versus endogenous growth, human versus physical capital externalities
Codis JEL:
E13, O1, O3, O4
Àrea de Recerca:
Macroeconomia i Economia Internacional

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