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In the last decade there has been an upsurge of studies on international comparisons of Total Factor Productivity (TFP). The empirical evidence suggests that countries and regions differ not only in traditional factor endowments (labour and physical capital) but mainly in productivity and...
Persistent link: https://www.econbiz.de/10014206553
The paper estimates a conditional ß-convergence model of labor productivity growth in Italy's manufacturing industry during 1871-1911, accounting for spatial dependence. The empirical evidence is based on a recent set of data at provincial (NUTS 3) level on manufacturing value added at 1911...
Persistent link: https://www.econbiz.de/10012992100
The aim of our analysis is the evaluation of the total and sectoral convergence of labour productivity between 182 regions of EU12 in the period 1991-2006. The selected sectors are agriculture, manufactory, market and non-market services. We adopt a β- and sígma-convergence approach along with...
Persistent link: https://www.econbiz.de/10011514053
We develop an empirical approach to examine static and dynamic knowledge externalities in the context of a regional total factor productivity relationship. Static externalities refer to current period scale or industry-size effects which have been labeled localization externalities or...
Persistent link: https://www.econbiz.de/10011555818
In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 EU Member States that exhibit co-movement in their growth dynamics, over the period 1980-2018. We then use the observed stochastic convergence trajectories to assess the role...
Persistent link: https://www.econbiz.de/10014308640
Significant disparities still exist between regions of the European Union, even though substantial Cohesion investments are directed to address this issue. To adjust the Cohesion Policy (CP), researchers assess the returns of the CP, but almost all studies are carried out at NUTS1&2 or a country...
Persistent link: https://www.econbiz.de/10012271858
The endogenous approach to regional development policy has become central over the last decade. By employing the conditional frontier approach, this paper investigates the relative contribution to labour productivity growth of: (1) capital accumulation, (2) exogenous technical change and...
Persistent link: https://www.econbiz.de/10013107685
Building on the Kumar and Russell (2002) methodology, we propose a conditional frontier approach which allows singling out the role of technology gap in explaining labour productivity differences. We find convergence in labour productivity growth driven by capital accumulation and technical...
Persistent link: https://www.econbiz.de/10013064101
This paper explores the contribution of knowledge capital to total factor productivity differences among regions within a regression framework. The dependent variable is total factor productivity, defined as output (in terms of gross value added) per unit of labour and physical capital combined,...
Persistent link: https://www.econbiz.de/10012707732
The European Union lags behind the United States both in rates of employment and real wages. This study analyzes the relationship between wages, productivity and human capital in 5 European Union countries: France, Germany, Italy, Spain and the United Kingdom, in comparison with the USA. Firstly...
Persistent link: https://www.econbiz.de/10012770585