Ho, Chun-Yu; Wang, Wei; Yu, Jihai - In: Economics Letters 120 (2013) 3, pp. 450-453
This paper empirically examines the international spillover of economic growth through bilateral trade. We extend the Solow growth model with a spatial autoregressive term and a spatial time lag term, and estimate such a model with a sample of 26 OECD countries over the period 1971–2005. We...