Spatial Dependence and Economic Growth: Evidence from a Panel of Countries

Borradores de Economia
Number: 
206
Published: 
Classification JEL: 
O40, O57, C21
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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The empirical literature about economic growth has usually ignored spatial interdependence among countries. This paper uses spatial econometrics to estimate a growth model that includes cross-country interdependence, in which a country’s economic growth d