The Contribution of Regions to Aggregate Growth in the OECD
Garcilazo, Enrique; Oliveira Martins, Joaquim (2015), The Contribution of Regions to Aggregate Growth in the OECD, Economic Geography, 91, 2, p. 205-221. 10.1111/ecge.12087
TypeArticle accepté pour publication ou publié
Journal nameEconomic Geography
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Abstract (EN)This article investigates the contribution of regions to aggregate growth. We find a great degree of heterogeneity in the performance of Territorial Level 3 ( TL3) regions of the OECD (Organization for Economic Cooperation and Development). The regional contributions to aggregate growth follow a power law, with a coefficient around 1.2 (in absolute terms). This implies that Few-Large ( FL) regions contribute disproportionately to aggregate growth whereas Many-Small ( MS) individual regions contribute only marginally. Because the large number of these smaller regions and the decay of their contribution to growth is slow (generating a fat tail distribution), their cumulated contribution is actually around two-thirds of aggregate growth.
Subjects / Keywordspower law; granularity; distributive growth model; Aggregate growth; regional growth; rural regions; urban regions; intermediate regions
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