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dc.contributor.authorVilarrubia Tapia, Josep M.
dc.date.accessioned2019-08-10T17:47:47Z
dc.date.available2019-08-10T17:47:47Z
dc.date.issued2006-10-23
dc.identifier.issnISSN: 0213-2710 (en papel)
dc.identifier.issnISSN: 1579-8666 (en línea)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/6883
dc.description.abstractOne of the most striking features of the world economy is that wealthy countries are clustered together. This paper theoretically and empirically explains a mechanism for this clustering by extending the Acemoglu and Ventura model so that it takes real geography into account. Countries close to fast growing economies experience faster growth in aggregate demand for their exports, stimulating faster domestic growth. As a result, a poor country that is surrounded by other poor countries finds it more difficult to grow because its terms of trade shift against it. When this model is estimated on data for 1965 to 1985, we find statistically and economically significant effects. If the typical European country were located in Africa, these terms of trade effects would have lowered its growth rate by almost 1 percentage point per year. The results strongly suggest that it is very difficult to raise income in poor countries without dealing with regional problems. [resumen de autor]
dc.format.extent47 p. : fórmulas, gráf., tab.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofDocumentos de Trabajo / Banco de España, 0627
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectEconomic growth
dc.subjectEconomic geography
dc.subjectInternational trade
dc.subjectTerms of trade
dc.subjectEmpirical
dc.titleNeighborhood effects in economic growth
dc.typeDocumento de trabajo
dc.identifier.bdebib000188782
dc.identifier.bdepubDTRA-200627-eng
dc.subject.bdeComercio internacional
dc.subject.bdeEvolución y desarrollo económicos
dc.publisher.bdeMadrid : Banco de España, 2006
dc.subject.jelF12
dc.subject.jelF15
dc.subject.jelF43
dc.subject.jelO11
dc.subject.jelO19
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