Abstract Based on the assumption that technological spillovers may be more related to structural distances than to geographical proximities, heir size and significance dependent on the degree of similarity between economies' sectoral compositions. Treating technology as sector-specific and modeling technological spillovers as a positive function of the degree of similarity between economies' sectoral features, we propose a new theoretical framework of regional economic growth and derive an "extended" convergence equation.
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Received: 28 March 2007
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Corresponding Authors:
XIA Wan-Jun
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