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Regional growth and regional imbalances : Spain and U.S.A

Alañón Pardo, Ángel and Bueno Lastra, Juan (2000) Regional growth and regional imbalances : Spain and U.S.A. [Working Paper or Technical Report]

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Abstract

Regional and national incomes are determined by spatial and non spatial phenomena.
Relative elasticities in Spain and U.S.A. for income explanatory variables, which were
derivated from space models estimates, are 35 y 65%, respectively. External spatial
economies, locational inertia of investment and urban expenditure multiplier -all of them
typical spatial variables- are all concepts explaining the way space cooperates to income
generation. Non spatial economic analysis therefore does not pay attention to phenomena
which explain about a third of the produced national wealth.
Regional income imbalances have not disappeared after decades or even centuries of
economic development. Although they have indeed decreased dramatically, this reduction
stopped around 1960 in the U.S.A. and 1980 in Spain. Since then regional per capita
income imbalances have remained almost constant, ranging from 60 to 75 % between poor
and rich regions. Interregional technological transfers, internal economies of scale, the
urban expenditure multiplier, and decreasing external spatial economies explain the
interregional “catching-up”. External spatial economies, locational inertia of investment
and the end of regional labour migration are the reasons explaining the present steadiness
in spatial imbalances.

Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Planificación regional Estados Unidos Documentos de trabajo
Subjects:UNSPECIFIED
Series Name:Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales
Volume:2000
Number:18
ID Code:6719
Deposited On:30 Nov 2007
Last Modified:06 Feb 2014 07:50

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