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New Construction and Reconstruction: Impact on Growth of Sub-Regions of Mainland Portugal

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Author Info

  • Vera Mota

    (Beira Interior University, Covilhă, Portugal)

  • Paulo Maçãs Nunes

    ()
    (Beira Interior University, Covilhă, Portugal)

  • António Fernandes de Matos

    (CEFAGE- UE (Center for Advanced Studies in Management and Economics), Évora, Portugal)

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    Abstract

    Based on a panel made up of 28 sub-regions (NUT III) of mainland Portugal for the period 1995-2006, we show that building reconstruction has a positive impact on the economic growth of sub-regions of mainland Portugal, whereas the effect of new construction seems to be of negligible importance. The empirical evidence obtained in this study lets us make suggestions on urban policy for countries in general, and for Portugal in particular, namely to concentrate on reconstruction rather than new buildings.

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    Bibliographic Info

    Article provided by Academy of Economic Studies - Bucharest, Romania in its journal The AMFITEATRU ECONOMIC journal.

    Volume (Year): 12 (2010)
    Issue (Month): 27 (February)
    Pages: 169-176

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    Handle: RePEc:aes:amfeco:v:12:y:2010:i:27:p:169-176

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    Related research

    Keywords: construction of new buildings; dynamic panel estimators; economic growth; reconstruction of buildings; sub-regions;

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    References

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    1. Zélia Serrasqueiro & Paulo Maçãs Nunes, 2008. "Performance and size: empirical evidence from Portuguese SMEs," Small Business Economics, Springer, Springer, vol. 31(2), pages 195-217, August.
    2. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(2), pages 277-97, April.
    3. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, Elsevier, vol. 87(1), pages 115-143, August.
    4. Tiago Neves Sequeira & Paulo Macas Nunes, 2008. "Does tourism influence economic growth? A dynamic panel data approach," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 40(18), pages 2431-2441.
    5. Zélia Serrasqueiro, 2009. "Growth and Profitability in Portuguese Companies: a Dynamic Panel Data Approach," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, Academy of Economic Studies - Bucharest, Romania, vol. 11(26), pages 565-573, June.
    6. Tiago Sequeira & Elsa Martins, 2008. "Education public financing and economic growth: an endogenous growth model versus evidence," Empirical Economics, Springer, Springer, vol. 35(2), pages 361-377, September.
    7. Tiago Neves Sequeira & Nuno Ferraz, 2009. "Is Education Prejudiced by Country-Risk?," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 85(270), pages 307-317, 09.
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    Cited by:
    1. José Luis Alfaro Navarro & Víctor Raúl López Ruiz & Domingo Nevado Pena, 2013. "A theoretical intellectual capital model applied to cities," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, Academy of Economic Studies - Bucharest, Romania, vol. 15(34), pages 455-468, June.

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