Knowledge-capital, (enclave)key to productivity in Mexican states
DOI:
https://doi.org/10.19136/hitos.a30n87.6333Keywords:
Productivity, Knowledge, Spatial correlation, RegionsAbstract
In any society, the knowledge-capital is one of the determinants of productivity, for productivity to increase the population must increase its stock of knowledge, so that both coexist and feed each other in the long run. Using data from the 32 Mexican economies during 2001-2020, this paper investigates whether in Mexico the stock of knowledge drives productivity (it is key) or is only anchored to it (it acts as an enclave). To prove this hypothesis, fixed effects models and spatial econometric techniques are estimated. It is found that regions with lower productivity average higher productivity-knowledge elasticities than those with higher productivity, a result that differs with other determinants such as capital per worker, income per capita and investment efficiency. Spatial effects result in low-low and low-high productivity, productivity-knowledge elasticities are higher than those of other determinants, and knowledge-capital spillovers among neighbors varied over time and were not always significant. In Mexican regions, knowledge-capital is a highly influential factor (it is key) for productivity, so the policy strategies to promote it will favor the regional development.
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