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2017

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/122202

Factor accumulation, externalities, and absorptive capacity in regional growth: evidence from Europe

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https://doi.org/10.1111/jors.12304

Abstract

This paper proposes a model that incorporates capital accumulation and spatial spillovers across economies, while allowing for regional differences in absorptive capacity. This model is estimated using a sample of EU regions, over a period including the enlargement of the single-market area in the middle of the first decade of the 21st century. Results confirm the relevance of local absorptive capacity that is directly linked with the process of making the most of externalities. Capital deepening reduced the role of capital in explaining the regional productivity gap, but was not enough to help lagging regions to equal the return to human capital investments reached by most advanced regions.

Subject

Desenvolupament econòmic, Convergència (Economia), Espai (Economia), Models economètrics

Subject (English)

Economic development, Convergence (Economics), Space in economics, Econometric models

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Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
Publicacions de projectes de recerca finançats per la UE

Citation

JUNG, Juan and LÓPEZ-BAZO, Enrique. Factor accumulation, externalities, and absorptive capacity in regional growth: evidence from Europe. Journal of Regional Science. 2017. Vol. 57, num. 2, pags. 266-289. ISSN 0022-4146. [consulted: 10 of June of 2026]. Available at: https://hdl.handle.net/2445/122202

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