Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013
Abstract: The opening up of the Mexican economy completely transformed the growth dynamics of the per capita Gross Domestic Product (GDP) of the country’s various states, with a clear tendency towards growth being concentrated in specific regions. In this study, we quantify the indirect or...
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| Lenguaje: | English |
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Universidad de Chile. Departamento de Economía
2020
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oai:scielo:S0718-528620200002002212020-12-28Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013Gómez-Zaldívar,ManuelFonseca,Felipe JMosqueda,Marco T.Gómez-Zaldívar,Fernando Economic complexity spillover effects spatial econometrics Abstract: The opening up of the Mexican economy completely transformed the growth dynamics of the per capita Gross Domestic Product (GDP) of the country’s various states, with a clear tendency towards growth being concentrated in specific regions. In this study, we quantify the indirect or spillover effect of economic complexity on growth based on the following two facts: i) economic complexity is an important factor in explaining GDP growth rates, and ii) there is a clear regional pattern in the states’ economic complexity, i.e., the economic complexity variable shows a positive spatial autocorrelation. Our results provide two insights: first, that the estimated positive spillover effect of complexity on growth is not negligible, particularly for states in the north of the country, whose own economic complexity is as important as that of their neighbors. In contrast, the spillover effect in southern states is negative. Being located next to states with low levels of economic complexity has a significant negative externality that almost overrides the positive effect of a state’s own level of complexity. Our findings lead us to conclude that spillover effects may have played a more important role in explaining the diverse pattern of growth between northern and southern Mexico than previously thought.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.47 n.2 20202020-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862020000200221en10.4067/S0718-52862020000200221 |
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Scielo Chile |
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Scielo Chile |
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English |
| topic |
Economic complexity spillover effects spatial econometrics |
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Economic complexity spillover effects spatial econometrics Gómez-Zaldívar,Manuel Fonseca,Felipe J Mosqueda,Marco T. Gómez-Zaldívar,Fernando Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013 |
| description |
Abstract: The opening up of the Mexican economy completely transformed the growth dynamics of the per capita Gross Domestic Product (GDP) of the country’s various states, with a clear tendency towards growth being concentrated in specific regions. In this study, we quantify the indirect or spillover effect of economic complexity on growth based on the following two facts: i) economic complexity is an important factor in explaining GDP growth rates, and ii) there is a clear regional pattern in the states’ economic complexity, i.e., the economic complexity variable shows a positive spatial autocorrelation. Our results provide two insights: first, that the estimated positive spillover effect of complexity on growth is not negligible, particularly for states in the north of the country, whose own economic complexity is as important as that of their neighbors. In contrast, the spillover effect in southern states is negative. Being located next to states with low levels of economic complexity has a significant negative externality that almost overrides the positive effect of a state’s own level of complexity. Our findings lead us to conclude that spillover effects may have played a more important role in explaining the diverse pattern of growth between northern and southern Mexico than previously thought. |
| author |
Gómez-Zaldívar,Manuel Fonseca,Felipe J Mosqueda,Marco T. Gómez-Zaldívar,Fernando |
| author_facet |
Gómez-Zaldívar,Manuel Fonseca,Felipe J Mosqueda,Marco T. Gómez-Zaldívar,Fernando |
| author_sort |
Gómez-Zaldívar,Manuel |
| title |
Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013 |
| title_short |
Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013 |
| title_full |
Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013 |
| title_fullStr |
Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013 |
| title_full_unstemmed |
Spillover effects of economic complexity on the per capita GDP growth rates of Mexican states, 1993-2013 |
| title_sort |
spillover effects of economic complexity on the per capita gdp growth rates of mexican states, 1993-2013 |
| publisher |
Universidad de Chile. Departamento de Economía |
| publishDate |
2020 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862020000200221 |
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