A NEOCLASSICAL MODEL OF REGIONAL GROWTH IN INDONESIA
构建并估计了一个新古典区域增长模型，应用于印度尼西亚各省，发现增长区域对资本和劳动力的吸引力导致区域间不稳定和发散，而政府鼓励落后地区资本增长的政策可逆转此效应、促进收敛。
ABSTRACT In this paper a neoclassical model of regional growth is specified, estimated, and applied to the provinces of Indonesia. While parametric estimates indicate that factors of production respond as expected to neoclassical incentives, the attractiveness of growing regions for capital and labor inputs leads to instability and divergence among regions when the model is solved dynamically. A simulation of government intervention via a policy of encouraging capital growth in lagging regions demonstrates the potential of reversing such effects and encouraging regional convergence.