G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1503
DP1503 Does Inflation Matter for Growth?
Thorvaldur Gylfason; Tryggvi Thor Herbertsson
发表日期1996-12-20
出版年1996
语种英语
摘要We investigate the sources of productivity convergence using panel data for the Spanish regions. As a framwork, we develop a simple descriptive growth model which allows for factor accumulation, technological diffusion and rate effects from human capital and which includes fixed regional effects to allow for unobserved factors. Our results indicate that technological catch-up, the equalization of education levels and the redistribution of employment across regions, accounts for most of the observed reduction in regional disparities. We also find that, even after controlling for factor stocks and flows and technological diffusion, there remains very significant cross-regional differences in estimated total factor productivity levels, which point to the omission of important variables and to the need for a more disaggregated analysis. Lastly, we provide some preliminary evidence on the importance of sectoral factors in explaining the evolution of the regional income distribution.
主题International Macroeconomics
关键词Catch-up Growth Regional convergence
URLhttps://cepr.org/publications/dp1503
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530666
推荐引用方式
GB/T 7714
Thorvaldur Gylfason,Tryggvi Thor Herbertsson. DP1503 Does Inflation Matter for Growth?. 1996.
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