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Physical and Human Capital and Brazilian Regional Growth: A Spatial Econometric Approach for the Period 1970–2010
时间:2017-04-15

【摘要】This paper identifies the determinants of economic growth and analyses the dynamics of income using a panel of 522 Brazilian micro-regions for period 1970–2010. Based on the spatial extension of the Mankiw–Romer–Weil (MRW) model and explicitly considering both physical and human capital, the parameters of a Spatial Durbin Model (SDM) with fixed-effects are estimated. The direct and indirect impacts of the determinants of regional growth are then calculated. The results indicate strong spatial dependence among Brazilian micro-regions and that investments in both physical and human capital are important for the growth of the Brazilian regional economies.

【关键词】Brazil Economic growth; Spatial spillovers; Spatial panel Income convergence

【文献来源】RICARDO CARVALHO DE ANDRADE LIMA; RAUL DA MOTA SILVEIRA NETO.regional studies.2016(10)