Valcarce, Esther Vaya; Bazo, Enrique Lopez; Ortuno, … - Facultat d'Economia i Empresa, Universitat de Barcelona - 1998
This paper considers the effects of regional externalities in economic growth. We define two types of regional spillovers: demand-driven and supply-driven. Both types seem to be significantly positive and the results show how the omission of these effects in a growth equation may downward bias...