@article {73436,
	title = {Growth in Regions},
	journal = {Journal of Economic Growth},
	volume = {19},
	number = {3},
	year = {2014},
	pages = {259-309},
	abstract = {We use a newly assembled sample of 1,528 regions from 83 countries to compare the speed of per capita income convergence within and across countries.\&nbsp; Regional growth is shaped by similar factors as national growth, such as geography and human capital.\&nbsp; Regional convergence rate is about 2\% per year, comparable to that between countries.\&nbsp;\&nbsp; Regional convergence is faster in richer countries, and countries with better capital markets.\&nbsp; A calibration of a neoclassical growth model suggests that significant barriers to factor mobility within countries are needed to account for the evidence.\&nbsp;},
	url = {http://link.springer.com/article/10.1007\%2Fs10887-014-9105-9},
	author = {Nicola Gennaioli and Rafael LaPorta and Florencio Lopez-de-Silanes and Andrei Shleifer}
}
