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econometric convergence models by introducing interindustry spillovers in addition to spillovers that are spatial in nature. To …
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By applying the smile curve concept to regional value added growth rather than to levels, the paper claims that local value-added growth increases when a region is specialised in scarce natural resources or scarce human skills within a GVC. Under these circumstances, in fact, the region can...
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leapfrogging over richer municipalities, from 1920 to 1970. Although the coefficients confirmed a long-term convergence trend in …
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