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In this paper we extend the agglomeration model of Ciccone (2002) to the level of industry. We then test this model using panel data for six sectors on regional level data for 27 EU member states. Our results for the aggregate economy confirm the estimates of Ciccone (2002). For our full sample...
Persistent link: https://www.econbiz.de/10005321917
A major international transmission channel of productivity increases is trade in intermediate products and services …-output linkages between industries in different countries. Our results using this novel approach confirm the productivity effects from … manufacturing sectors’ inputs, our results indicate significant positive productivity effects from innovations in this sector …
Persistent link: https://www.econbiz.de/10010686970
Abstract Trade in goods and services is likely to be an important channel for international knowledge diffusion. This paper considers the extent of R&D spillovers through intermediate inputs for a sample of up to 40 developed and developing countries. Results suggest that such spillovers are...
Persistent link: https://www.econbiz.de/10011118667
economy to achieve full employment in the face of (positive) productivity shocks and changes in the available labour force …. This issue is further explored in section 4 in the context of changing (exogenous) growth rates of productivity and the … wage equation features also the impact of the unemployment rate. Hence, as the economy absorbs a (positive) productivity …
Persistent link: https://www.econbiz.de/10009649651
We analyse the robustness of potential determinants of the differences in the long-run growth rate of GDP per capita across EU regions using quantile regression. We propose using Bayesian Model Averaging (BMA) methods on the class of quantile regression models in order to assess the set of...
Persistent link: https://www.econbiz.de/10008491431