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Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or local in a large class of models. This Paper estimates the amount of spillovers from R&D expenditures in major industrialized countries on a geographic basis. A new data set is...
Persistent link: https://www.econbiz.de/10005124371
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10005497902
transition period and in the long term, with and without agglomeration economies. Without agglomeration economies, income … country may trigger agglomeration in the rich integrated core. …
Persistent link: https://www.econbiz.de/10005497760