This article empirically assesses the validity of alternative growth models at regional level. This is done by comparing the stochastic properties of physical capital investment and growth using a panel unit root test statistic that is robust to cross-sectional dependence of a spatial nature....

This paper develops a theoretical as well as an empirical model of deforestation and economic development in a tropical forest economy. The empirical model is estimated using panel data for 316 municipalities in the Brazilian Amazon during the period 1970-1985. The effects of controversial...

The feasibility of infrastructure-driven economic growth nowadays unanimously is accepted among the academicians especially in the developing countries. But the problem of this hypothesis is that there is a likelihood of regional growth variability caused by unbalanced public investment on...

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels. -- Economic Growth ;...

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels

We discuss regional disparities in economic performance and living standards. We first set out some key facts, and provide a conceptual framework to help analyze whether such disparities are efficient, or instead reflect market and/or policy failures. We examine whether policy attempts to reduce...

The goal of this paper is to evaluate the results of regional economic growth estimates at multiple spatial scales using spatial panel data models. The spatial scales examined are minimum comparable areas, micro-regions, meso-regions and states over the period between 1970 and 2000. Alternative...

In this article, we investigate the relevance of structural change in country-wide productivity growth considering within-country differences. For this purpose, we propose a two-step decomposition approach that accounts for differences among subnational units. To highlight the relevance of our...

In the first five months of 2018, socio-economic dynamic improved; however, there was no sustainable growth in most regions. Russian territories' budgets have also improved: in the course of presidential elections, regional transfers have substantially grown, and so have social expenditures

Williamson (1965) argued that catching up countries experiencing strong national growth tend also to see a widening in regional disparities, whereas in more developed economies strong national growth and falling regional disparities could go hand in hand. We find some evidence of a trade-off...