| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1503 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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