The Innovation Factor: An Econometric Model of Productivity European Regions

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The Innovation Factor: An Econometric Model of Productivity European Regions

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VIEIRA, Elvira ()
VAZQUEZ-ROZAS, Emilia ()
NEIRA, Isabel ()

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Emilia Vazquez

Abstract

This paper emphasizes the importance of the innovation input in the productive process, as a way to maximize the capacity and effectiveness of the labour factor and its productivity. This work describes some of the factors that are enunciated and that condition the existence of good levels of productivity of the factor work, enhancing with special attention the narrow relation between innovation and productivity. In this direction we proceed to the specification of an econometric model, inspired by the Solow Growth Model, with the clear objective of placing in evidence the importance of the technological progress and the growth of productivity in 108 NUTS II regions of the European Union, using for such the expense in Research and Development, as a reference measure.

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Article provided by Euro-American Association of Economic Development in its journal Regional and Sectoral Economic Studies.

Volume (Year): 8 (2008)
Issue (Month): 1 ()
Pages: 59-70
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Handle: RePEc:eaa:eerese:v:8:y2008:i:8_3

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Find related papers by JEL classification:
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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Aguayo, Eva & Exposito, Pilar & Rodriguez, X.A. & Vazquez, Emilia, 2000. "Human capital and other factors of the total productivity in Spanish Regions," Economic Development 45, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics.. [Downloadable!]

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