An Empirical Study Of Productivity Growth In EU28 - Spatial Panel Analysis

Open access

Abstract

This paper investigates the spatial process of productivity growth in the European Union on the foundations of the theory of New Economic Geography. The proposed model is based on the study of NUTS 2 regions and takes into consideration a spatial weights matrix in order to better describe the structure of spatial dependence between EU regions. Furthermore, our paper attempts to investigate the applicability of some new approaches to spatial modelling including parameterization of the spatial weights matrix. Our study presents an application of the spatial panel model with fixed effects to Fingleton’s theoretical framework. We suggest that the applied approach constitutes an innovation to spatial econometric studies providing additional information hence, a deeper analysis of the investigated problem.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • Anselin L. (1988) Spatial Econometrics: Methods and Models Kluwer Dordrecht.

  • Anselin L. Bera A.K. (1998) Spatial dependence in linear regression models with an introduction to spatial econometrics [in:] Ullah A. Giles D. (ed.). Handbook of Applied Economic Statistics Marcel Dekker New York.

  • Bernat G. A. (1996) Does Manufacturing Matter. A Spatial Econometric View of Kaldor’s Laws Journal of Regional Science 36 463-477.

  • Burridge P. Gordon I. (1981) Unemployment in the British Metropolitan Labour Areas Oxford Economic Papers 33(2) 274-297.

  • Combes P. P. Lafourcade M. (2001) Transportation costs decline and regional inequalities: evidence from France CEPR DP 2894.

  • Combes P. P. Lafourcade M. (2004) Trade costs and regional disparities in a model of economic geography: structural estimations and predictions for France http://www.enpc.fr/ceras/combes/ Combes P. P. Overman H. (2003) The spatial distribution of economic activity in the EU CEPR DP 3999.

  • Corrado L. Fingleton B. (2012) Where is the economics in spatial econometrics? Journal of Regional Science 52 (2): 210-39.

  • EUROSTAT (2002) European Regional Statistics. Reference guide European Communities Luxembourg.

  • Fingleton B. (2000) Spatial econometrics economic geography dynamics and equilibrium: a third way? Environment and Planning A 32 1481-1498.

  • Fingleton B. (2001) Equilibrium and economic growth: spatial econometric models and simulations Journal of Regional Science 41 117-147.

  • Fingleton B. (2003) Increasing returns: evidence from local wage rates in Great Britain. Oxford Economic Papers 55 716-739.

  • Fingleton B. (2004a) Regional economic growth and convergence: insights from a spatial econometric perspective [in:] Anselin L. Florax R. Rey S. (ed.) Advances in Spatial Econometrics Springer- Verlag Berlin 397-432.

  • Fingleton B. (2004b) Some alternative geo-economics for Europe's regions Journal of Economic Geography 4 389-420.

  • Fingleton B. (2006) The new economic geography versus urban economics: an evaluation using local wage rates in Great Britain Oxford Econ Pap. 58 501-530.

  • Fingleton B. Lopez-Bazo E. (2006) Empirical growth models with spatial effects Papers in Regional Science 85(2) 177-198.

  • Fingleton B. (2007) A multi-equation spatial econometric model with application to EU manufacturing productivity growth. Journal of Geographical Systems Springer 9(2) 119-144.

  • Fingleton B. McCann P. (2007) Sinking the iceberg? On the treatment of transport costs in new economic geography [in:] Fingleton B. (ed.) New directions in economic geography. Edward Elgar Cheltenham 168-203.

  • Fingleton B. McCombie J. S. L. (1998) Increasing returns and economic growth: Some evidence for manufacturing from the European Union regions Oxford Economic Papers 50 89-105.

  • Fischer M.M. Scherngell T. Jansenberger E. (2006) The Geography of Knowledge Spillovers Between High-Technology Firms in Europe: Evidence from a Spatial Interaction Modelling Perspective Geographical Analysis 38(3) 288-309.

  • Fischer M.M. Scherngell T. Reismann M. (2009) Knowledge Spillovers and Total Factor Productivity: Evidence Using a Spatial Panel Data Model Geographical Analysis 41(2) 204-220.

  • Fujita M. Krugman P. Venables A. (1999) The Spatial Economy: Cities Regions and International Trade Cambridge MA. Kakamu K. (2005) Bayesian Estimation of a Distance Functional Weight Matrix Model Economics Bulletin 3(57) 1-6.

  • Kaldor N. (1957) A Model of Economic Growth Economic Journal 67 591-624.

  • Olejnik A. (2008) Using the spatial autoregressively distributed lag model in assessing the regional convergence of per-capita income in the EU25 Papers in Regional Science Wiley 87/3.

  • Olejnik A. (2012) Wielowymiarowe autoregresyjne modele przestrzenne [in:] Ekonometria przestrzenna II Modele zaawansowane (ed.) Suchecki B. C.H. Beck Warszawa.

  • Redding S. Venables A. J. (2004) Economic geography and international inequality Journal of International Economics. 62 53-82.

  • Vega S.H. Elhorst J.P. (2013) On spatial econometric models spillover effects and W ERSA working papers http://www-sre.wu.ac.at/ersa/ersaconfs/ersa13/ERSA2013_paper_00222.pdf Verdoorn P.J. (1949) Fattori che Regolano lo Sviluppo della Produttivita del Lavoro L’Industria 1 3-10.

Search
Journal information
Impact Factor


CiteScore 2018: 0.46

SCImago Journal Rank (SJR) 2018: 0.241
Source Normalized Impact per Paper (SNIP) 2018: 0.366

Metrics
All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 273 208 12
PDF Downloads 122 97 4