International Growth Spillovers, Geography and Infrastructure
There is significant academic evidence that growth in one country tends to have a positive impact on growth in neighboring countries. This paper contributes to this literature by assessing whether growth spillovers tend to vary significantly across...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091214115423 http://hdl.handle.net/10986/4346 |
| Summary: | There is significant academic evidence
that growth in one country tends to have a positive impact
on growth in neighboring countries. This paper contributes
to this literature by assessing whether growth spillovers
tend to vary significantly across world regions and by
investigating the contribution of transport and
communication infrastructure in promoting neighborhood
effects. The study is global, but the main interest is on
Sub-Saharan Africa. The authors define neighborhoods both in
geographic terms and by membership in the same regional
trade association. The analysis finds significant evidence
for heterogeneity in growth spillovers, which are strong
between OECD countries and essentially absent in Sub-Saharan
Africa. The analysis further finds strong interaction
between infrastructure and being a landlocked country. This
suggests that growth spillovers from regional "success
stories" in Sub-Saharan Africa and other lagging world
regions will depend on first strengthening the channels
through which such spillovers can spread -- most importantly
infrastructure endowments. |
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