Template-type: ReDIF-Paper 1.0
Author-Name: Ángel Alañón Pardo
Author-Email: angel@ccee.ucm.es
Author-Workplace-Name: Departamento de Economía Aplicada I (Economía Internacional y Desarrollo). Universidad Complutense de Madrid.
Author-Workplace-Homepage: https://www.ucm.es/eco-internacionalydesarrollo
Author-Name: Juan Bueno Lastra 
Author-Email: juanbueno@ccee.ucm.es
Author-Workplace-Name: Departamento de Economía Aplicada I (Economía Internacional y Desarrollo). Universidad Complutense de Madrid.
Author-Workplace-Homepage: https://www.ucm.es/eco-internacionalydesarrollo
Title: Regional growth and regional imbalances: Spain and U.S.A. 
Abstract: Regional and national incomes are determined by spatial and non spatial phenomena.
	Relative elasticities in Spain and U.S.A. for income explanatory variables, which were
	derivated from space models estimates, are 35 y 65%, respectively. External spatial
	economies, locational inertia of investment and urban expenditure multiplier -all of them
	typical spatial variables- are all concepts explaining the way space cooperates to income
	generation. Non spatial economic analysis therefore does not pay attention to phenomena
	which explain about a third of the produced national wealth.
	Regional income imbalances have not disappeared after decades or even centuries of
	economic development. Although they have indeed decreased dramatically, this reduction
	stopped around 1960 in the U.S.A. and 1980 in Spain. Since then regional per capita
	income imbalances have remained almost constant, ranging from 60 to 75 % between poor
	and rich regions. Interregional technological transfers, internal economies of scale, the
	urban expenditure multiplier, and decreasing external spatial economies explain the
	interregional “catching-up”. External spatial economies, locational inertia of investment
	and the end of regional labour migration are the reasons explaining the present steadiness
	in spatial imbalances.
Keywords: Regional growth; Regional imbalance; Spain; U.S.A.
Length: 19 pages 
Creation-Date: 2000
Number: 00-18 
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doctra00-18.txt
File-URL: https://eprints.ucm.es/id/eprint/6719/1/0018.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doctra:00-18