Growth spillover through trade: A spatial dynamic panel data approach

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• 作者：Chun-Yu Ho ; Wei Wang ; Jihai Yu
• 关键词：O33 ; O47 ; O51
• 刊名：Economics Letters
• 出版年：2013
• 出版时间：September, 2013
• 年：2013
• 卷：120
• 期：3
• 页码：450-453
• 全文大小：355 K

文摘

This paper empirically examines the international spillover of economic growth through bilateral trade. We extend the Solow growth model with a spatial autoregressive term and a spatial time lag term, and estimate such a model with a sample of 26 OECD countries over the period 1971-2005. We find that there is a positive spillover effect of growth from one country to its trade partners. The implied rate of convergence is higher after including the spatial terms.