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Regional growth and spatial spillovers: Evidence from an SpVAR for the Spanish regions
Author(s) -
Márquez Miguel A.,
Ramajo Julián,
Hewings Geoffrey JD.
Publication year - 2015
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/pirs.12102
Subject(s) - spillover effect , context (archaeology) , economic geography , autoregressive model , causality (physics) , economics , panel data , empirical evidence , spatial econometrics , econometrics , regional policy , spatial dependence , geography , macroeconomics , political science , philosophy , physics , archaeology , epistemology , quantum mechanics , law , statistics , mathematics
This paper provides a spatial vector autoregressive ( SpVAR ) analysis of growth spillovers for the Spanish regions over the period 1965–2003. First, a spatial G ranger causality analysis is performed that indicates the relevant impact of spatial spillover effects across regions in S pain. Second, the empirical research offers a contribution in the context of the SpVAR modelling estimating the push‐in (from the neighbours to the region) and push‐out (from the region to its neighbours) effects of growth spillovers within a regional economic system. Finally, the proposed methodology reveals empirical evidence about both the short‐run and long‐term regional growth adjustment processes in space and time. The results for the Spanish regional panel data suggest the existence of strong spatiotemporal regional spillovers of growth output. This has important implications for the choice of regional policy goals and regional policy instruments.