Scholarlink

<p>In this paper, we analyse the influence of interregional trade on regional economic growth, adopting balance-of-payments constrained regional growth model. To do this, we extend the model theoretically by incorporating interregional trade relations and then make an empirical application to Spanish regions for the period 1996–2018. The results obtained from the empirical application show that the restriction would not have limited economic growth in the case of Spanish regions. We therefore evaluate the possibility that there may be interregional fiscal and financial flows that make the persistence of internal trade imbalances possible in the long term and that the restriction on growth does not work. To verify this explanation, we test whether the differences between real and constrained growth can be explained by proxy variables of both types of flows. The conclusion is that fiscal flows could explain this difference, indicating that they might exert a&#xa0;compensatory effect that counteracts the restriction of the balance.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Does foreign trade limit the economic growth of regions?

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2025年10月21日

查看全文
  • Pedro Atienza Montero,
  • Luis Ángel Hierro Recio

摘要

In this paper, we analyse the influence of interregional trade on regional economic growth, adopting balance-of-payments constrained regional growth model. To do this, we extend the model theoretically by incorporating interregional trade relations and then make an empirical application to Spanish regions for the period 1996–2018. The results obtained from the empirical application show that the restriction would not have limited economic growth in the case of Spanish regions. We therefore evaluate the possibility that there may be interregional fiscal and financial flows that make the persistence of internal trade imbalances possible in the long term and that the restriction on growth does not work. To verify this explanation, we test whether the differences between real and constrained growth can be explained by proxy variables of both types of flows. The conclusion is that fiscal flows could explain this difference, indicating that they might exert a compensatory effect that counteracts the restriction of the balance.