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Total Factor Productivity, Intangible Assets and Spatial Dependence in the European Regions

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  • Barbara Dettori
  • Emanuela Marrocu
  • Raffaele Paci

Abstract

D ettori B., M arrocu E. and P aci R. Total factor productivity, intangible assets and spatial dependence in the European regions, Regional Studies . The aim of this paper is to analyse the determinants of the efficiency levels across the European regions. Firstly, a regression-based measure of regional total factor productivity is derived by estimating a spatial Cobb--Douglas production function. Secondly, the role played by intangible factors (human capital, social capital and technological capital) on total factor productivity levels is investigated by applying the spatial two-stage least-squares (2SLS) method and the spatial heteroskedasticy and correlation consistent (SHAC) estimator to account for both heteroskedasticity and spatial autocorrelation. It turns out that a large part of total factor productivity differences across the European regions is explained by disparities in the endowments of these intangible assets.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 46 (2012)
Issue (Month): 10 (November)
Pages: 1401-1416

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Handle: RePEc:taf:regstd:v:46:y:2012:i:10:p:1401-1416

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Citations

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Cited by:
  1. Raffaele Paci & Emanuela Marrocu, 2013. "Knowledge Assets and Regional Performance," Growth and Change, Gatton College of Business and Economics, University of Kentucky, vol. 44(2), pages 228-257, 06.
  2. Emanuela Marrocu & Raffaele Paci & Marco Pontis, 2011. "Intangible capital and firms productivity (refereed paper)," ERSA conference papers ersa10p496, European Regional Science Association.
  3. E. Marrocu & R. Paci, 2012. "Tourism and regional growth in Europe," Working Paper CRENoS 201235, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  4. Ghisetti, Claudia & Quatraro, Francesco, 2014. "Is green Knowledge improving Environmental Productivity? Sectoral Evidence from Italian Regions," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201411, University of Turin.
  5. E. Marrocu & R. Paci & M. Pontis, 2009. "Intangible capital and firms productivity," Working Paper CRENoS 200916, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  6. Marta Foddi & Raffaele Paci & Alessandra Colombelli, 2011. "The knowledge regions in the enlarged Europe," ERSA conference papers ersa11p1140, European Regional Science Association.
  7. E. Marrocu & R. Paci, 2012. "Regional development and creativity," Working Paper CRENoS 201202, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  8. Adriana Di Liberto & Stefano Usai, 2011. "TFP convergence across European regions," ERSA conference papers ersa10p409, European Regional Science Association.
  9. Emanuela Marrocu & Raffaele Paci, 2011. "Education or just Creativity: what matters most for economic performance?," ERSA conference papers ersa11p199, European Regional Science Association.
  10. A. Peyrache & Andrea Filippetti, 2012. "Labour productivity and technology gap in European regions: A non-parametric approach," CEPA Working Papers Series WP022012, School of Economics, University of Queensland, Australia.
  11. E. Marrocu & R. Paci & S. Usai, 2010. "Productivity growth in the Old and New Europe: the role of agglomeration externalities," Working Paper CRENoS 201024, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  12. Attila Varga & Péter Járosi & Tamás Sebestyén, 2011. "Modeling the growth effects of regional knowledge production: The GMR-Europe model and its applications for EU Framework Program policy impact simulations," ERSA conference papers ersa11p1426, European Regional Science Association.
  13. d'Agostino, Giorgio & Scarlato, Margherita, 2012. "Inclusive Institutions, Innovation and Economic Growth: Estimates for European Countries," MPRA Paper 43098, University Library of Munich, Germany.

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