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Title: | Factor Accumulation, Externalities and Absorptive Capacity in Regional Growth : Evidence from Europe [WP] |
Author: | Jung, Juan López-Bazo, Enrique |
Keywords: | Desenvolupament econòmic Convergència (Economia) Espai (Economia) Models economètrics Economic development Convergence (Economics) Space in economics Econometric models |
Issue Date: | 2014 |
Publisher: | Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública |
Series/Report no: | [WP E-AQR14/09] [WP E-IR14/16] |
Abstract: | This paper proposes a model which incorporates capital accumulation and spatial spillovers across economies, while allowing for regional differences in absorptive abilities. This model is estimated using a sample of 215 European NUTS 2 regions, before and after the 2004 enlargement of the single - market area. Results confirm the relevance of local absorptive capacities, as are found to be directly linked with the process of making the most of externalities. More than that, capital accumulation externalities do not seem to take place in absence of local capabilities. The process of capital deepening which took place in the period reduced the role of capital in explaining the productivity gap among regions, but so far has not been enough to help lagging regions to equal the return to human capital investments reached by most advanced regions. |
Note: | Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2014/201416.pdf |
It is part of: | IREA – Working Papers, 2014, IR14/16 AQR – Working Papers, 2014, AQR14/09 |
URI: | http://hdl.handle.net/2445/57512 |
ISSN: | 2014-1254 |
Appears in Collections: | AQR (Grup d’Anàlisi Quantitativa Regional) – Working Papers Documents de treball / Informes (Econometria, Estadística i Economia Aplicada) Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) |
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