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The cumulative causation in the relation between labour productivity and output growth, known as Verdoorn's Law, is empirically tested using data from 109 EU12 regions during the period 1977--2005. Several specifications of Verdoorn's Law are put forward in this paper, which attribute the...
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Verdoorn's Law implies that the process of growth is a cumulative one with the "manufacturing advanced" economies growing at the expense of their "less-advanced" counterparts. This paper tests a range of conventional and spatial specifications of Verdoorn's Law across the Greek regions. The...
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This paper assesses the relationships between public policy and the development of industrial clusters. A conceptual model of the relationship between public policies and the development of industrial clusters is developed and tested using data from 43 European industrial clusters. The results...
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