Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries
Abstract One of the most fundamental issues worldwide is the economic interdependence of countries which affects their economic growth. Some new growth theorists such as Mankiw et al., Islam, Ertur and Koch, Lee, Yu and Yu Ho et al. consider geographical proximity and trade as spatial variables. Thi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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SpringerOpen
2020-06-01
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| Series: | Future Business Journal |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s43093-020-00026-9 |
| _version_ | 1828853104111517696 |
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| author | Sahar Amidi Ali Fagheh Majidi Bakhtiar Javaheri |
| author_facet | Sahar Amidi Ali Fagheh Majidi Bakhtiar Javaheri |
| author_sort | Sahar Amidi |
| collection | DOAJ |
| description | Abstract One of the most fundamental issues worldwide is the economic interdependence of countries which affects their economic growth. Some new growth theorists such as Mankiw et al., Islam, Ertur and Koch, Lee, Yu and Yu Ho et al. consider geographical proximity and trade as spatial variables. This study aims to investigate the spatial effects of geographical distance on economic growth using the spatial dynamic panel data model and the spatial cross section data model for the period 1992–2016 in selected Asian countries. The findings demonstrate that the effect of spatial spillover or spatial dependency is one of the main causes of economic growth spillovers. In the spatial dynamic panel data model, log of gross domestic product (GDP), gross fixed capital formation and growth rate of labor force had negative, positive and negative impacts on economic growth, respectively. In the spatial cross-sectional data models including human capital, log of GDP, gross fixed capital formation and growth rate of labor force had negative impacts on economic growth, while in a model without human capital log of GDP, gross fixed capital formation and growth rate of labor force, respectively, had positive and negative effects on economic growth. |
| first_indexed | 2024-12-13T00:07:00Z |
| format | Article |
| id | doaj.art-db8f9a972dba49b8a9fdb30ea8b8ae7b |
| institution | Directory Open Access Journal |
| issn | 2314-7210 |
| language | English |
| last_indexed | 2024-12-13T00:07:00Z |
| publishDate | 2020-06-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Future Business Journal |
| spelling | doaj.art-db8f9a972dba49b8a9fdb30ea8b8ae7b2022-12-22T00:06:11ZengSpringerOpenFuture Business Journal2314-72102020-06-016111410.1186/s43093-020-00026-9Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countriesSahar Amidi0Ali Fagheh Majidi1Bakhtiar Javaheri2Universite D’OrleansUniversity of KurdistanUniversity of KurdistanAbstract One of the most fundamental issues worldwide is the economic interdependence of countries which affects their economic growth. Some new growth theorists such as Mankiw et al., Islam, Ertur and Koch, Lee, Yu and Yu Ho et al. consider geographical proximity and trade as spatial variables. This study aims to investigate the spatial effects of geographical distance on economic growth using the spatial dynamic panel data model and the spatial cross section data model for the period 1992–2016 in selected Asian countries. The findings demonstrate that the effect of spatial spillover or spatial dependency is one of the main causes of economic growth spillovers. In the spatial dynamic panel data model, log of gross domestic product (GDP), gross fixed capital formation and growth rate of labor force had negative, positive and negative impacts on economic growth, respectively. In the spatial cross-sectional data models including human capital, log of GDP, gross fixed capital formation and growth rate of labor force had negative impacts on economic growth, while in a model without human capital log of GDP, gross fixed capital formation and growth rate of labor force, respectively, had positive and negative effects on economic growth.http://link.springer.com/article/10.1186/s43093-020-00026-9Economic growthSpatial econometricsSpillover effectsHuman capitalAsia |
| spellingShingle | Sahar Amidi Ali Fagheh Majidi Bakhtiar Javaheri Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries Future Business Journal Economic growth Spatial econometrics Spillover effects Human capital Asia |
| title | Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries |
| title_full | Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries |
| title_fullStr | Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries |
| title_full_unstemmed | Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries |
| title_short | Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries |
| title_sort | growth spillover a spatial dynamic panel data and spatial cross section data approaches in selected asian countries |
| topic | Economic growth Spatial econometrics Spillover effects Human capital Asia |
| url | http://link.springer.com/article/10.1186/s43093-020-00026-9 |
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