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The Role of Population, Investment and Technology in the Convergence Process across Spanish Regions

Author

Listed:
  • Martín Mayoral , Fernando

    (Facultad Latinoamericana de Ciencias Sociales (FLACSO))

  • Garcimartín, Carlos

    (Universidad Rey Juan Carlos)

Abstract

Although there exists abundant literature about convergence across the Spanish regions, most of the research has been developed by using cross-section regressions or data panel techniques with fixed effects, resulting in biased estimates that may make their conclusions less tenable. In addition, many of these studies do not explicitly account for the effect of the traditional variables determining the steady state. This paper is aimed at overcoming these limitations. The main conclusion that stems from our analysis is that the deep reduction in steady-state disparities across the Spanish regions can be attributed to a large extent to the differences in their population growth rates, which are due mainly to inter-regional migrations.

Suggested Citation

  • Martín Mayoral , Fernando & Garcimartín, Carlos, 2009. "The Role of Population, Investment and Technology in the Convergence Process across Spanish Regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 16, pages 169-180.
    • Handle: RePEc:ris:invreg:0081
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    More about this item

    Keywords

    Population; investment; technology; growth; regional convergence;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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