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Human Capital Spillovers and Regional Development
Author(s) -
SansoNavarro Marcos,
VeraCabello Maria,
XiménezDeEmbún Domingo P.
Publication year - 2016
Publication title -
journal of applied econometrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.878
H-Index - 99
eISSN - 1099-1255
pISSN - 0883-7252
DOI - 10.1002/jae.2541
Subject(s) - human capital , economics , dimension (graph theory) , estimation , per capita income , economic geography , per capita , econometrics , educational attainment , regional development , regional science , economic growth , geography , sociology , population , demography , mathematics , management , pure mathematics
Summary This paper introduces technological interdependence into the theoretical framework of Gennaioli et al. ( Quarterly Journal of Economics 2013; 128 : 105–164). This extension leads to an expression for regional development with spatial effects that motivates the incorporation of the geographical dimension into their newly constructed database and empirical analysis. Our estimation results corroborate both the necessity of accounting for the presence of spatial dependence to study the determinants of regional income per capita and the importance of educational attainment in explaining regional development differences. Furthermore, we provide evidence that human capital generates positive spatial spillovers. Copyright © 2016 John Wiley & Sons, Ltd.