Regional external economies and economic growth under asymmetry

Dmytro Holod; Robert R. Reedt

Regional external economies and economic growth under asymmetry

Dmytro Holod
, Robert R. Reedt

Dean's Office, College of Business

Stony Brook University

University of Alabama

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

In this article, we explore the impact of regional external economies from human capital accumulation on economic growth. In particular, we allow the extent of local and regional spillovers to vary between the home and foreign economies. Our analysis yields novel insights regarding the diffusion of knowledge across countries. In contrast to the standard, closed-economy Lucas (1988) model, spillovers within the home country may adversely affect growth in the presence of substantial knowledge flows from the foreign country.

Original language	English
Pages (from-to)	1123-1140
Number of pages	18
Journal	Southern Economic Journal
Volume	75
Issue number	4
State	Published - Apr 2009

Cite this

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title = "Regional external economies and economic growth under asymmetry",

abstract = "In this article, we explore the impact of regional external economies from human capital accumulation on economic growth. In particular, we allow the extent of local and regional spillovers to vary between the home and foreign economies. Our analysis yields novel insights regarding the diffusion of knowledge across countries. In contrast to the standard, closed-economy Lucas (1988) model, spillovers within the home country may adversely affect growth in the presence of substantial knowledge flows from the foreign country.",

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AB - In this article, we explore the impact of regional external economies from human capital accumulation on economic growth. In particular, we allow the extent of local and regional spillovers to vary between the home and foreign economies. Our analysis yields novel insights regarding the diffusion of knowledge across countries. In contrast to the standard, closed-economy Lucas (1988) model, spillovers within the home country may adversely affect growth in the presence of substantial knowledge flows from the foreign country.

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Regional external economies and economic growth under asymmetry

Abstract

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