Externalities play a central role in most theories of economic growth. We argue that international externalities, in … that many countries appear to share a common long run growth rate despite persistently different rates of investment in … have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating …

domestic firms are negative. -- Foreign Direct Investment ; US States ; Spatial Econometrics ; Marshallian Externalities …This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct … externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these …

the existing literature on estimating human capital externalities at the neighborhood level. We explore the possible …

the existing literature on estimating human capital externalities at the neighborhood level. We explore the possible …

Good understanding on the human capital externalities is important for both policy makers and social science …