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

Manfred M. Fischer

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

Publication: Working/Discussion Paper › Working Paper/Preprint

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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.

Original language	English
Place of Publication	Vienna
Publisher	WU Vienna University of Economics and Business
Publication status	Published - 1 Jul 2009

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SSRN-id1364060Final published version, 186 KBLicence: Other

1 Journal article

A spatial Mankiw-Romer-Weil model: Theory and evidence
Fischer, M. M., 1 Oct 2011, In: Annals of Regional Science. 47, 2, p. 419-436
Publication: Scientific journal › Journal article › peer-review

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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

Abstract

Bibliographical note

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

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