A spatial Mankiw-Romer-Weil model: Theory and
evidence

Manfred M. Fischer

doi:10.1007/s00168-010-0384-6

A spatial Mankiw-Romer-Weil model: Theory and evidence

Manfred M. Fischer

Publikation: Wissenschaftliche Fachzeitschrift › Originalbeitrag in Fachzeitschrift › Begutachtung

219 Downloads (Pure)

Abstract

This paper presents a theoretical growth model that extends the
Mankiw-Romer-Weil [MRW] model by accounting for technological
interdependence among regional economies. Interdependence is assumed to work
through spatial externalities caused by disembodied knowledge diffusion. The
transition from theory to econometrics leads to a reduced-form empirical spatial
Durbin model specification that explains the variation in regional levels of per worker output at steady state. A system of 198 regions across 22 European countries over the period from 1995 to 2004 is used to empirically test the model. Testing is performed by assessing the importance of cross-region technological interdependence, and measuring direct and indirect (spillover) effects of the MRW
determinants on regional output.

Originalsprache	Englisch
Seiten (von - bis)	419-436
Fachzeitschrift	Annals of Regional Science
Jahrgang	47
Ausgabenummer	2
DOIs	https://doi.org/10.1007/s00168-010-0384-6
Publikationsstatus	Veröffentlicht - 1 Okt. 2011

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1 Originalbeitrag in Fachzeitschrift
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A spatial Mankiw-Romer-Weil model: Theory and evidence
Fischer, M. M., 1 Okt. 2011, in: Annals of Regional Science. 47, 2, S. 419-436
Publikation: Wissenschaftliche Fachzeitschrift › Originalbeitrag in Fachzeitschrift › Begutachtung

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A spatial Mankiw-Romer-Weil model: Theory and evidence
Fischer, M. M., 1 Juli 2009, Vienna: WU Vienna University of Economics and Business.
Publikation: Working/Discussion Paper › Working Paper/Preprint

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AB - This paper presents a theoretical growth model that extends the Mankiw-Romer-Weil [MRW] model by accounting for technological interdependence among regional economies. Interdependence is assumed to work through spatial externalities caused by disembodied knowledge diffusion. The transition from theory to econometrics leads to a reduced-form empirical spatial Durbin model specification that explains the variation in regional levels of per worker output at steady state. A system of 198 regions across 22 European countries over the period from 1995 to 2004 is used to empirically test the model. Testing is performed by assessing the importance of cross-region technological interdependence, and measuring direct and indirect (spillover) effects of the MRW determinants on regional output.

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A spatial Mankiw-Romer-Weil model: Theory and evidence

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