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What said the neoclassical and endogenous growth theories about Portugal?

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  • Martinho, Vítor João Pereira Domingues

Abstract

The aim of this paper is to present a further contribution, with panel data, to the analysis of absolute convergence ( and ), associated with the neoclassical theory, and conditional, associated with endogenous growth theory, of the sectoral productivity at regional level. Presenting some empirical evidence of absolute convergence of productivity for each of the economic sectors in each of the regions of mainland Portugal (NUTS III) in the period from 1995 to 1999. They are also presented empirical evidence of conditional convergence of productivity, for each of the economic sectors of the NUTS II of Portugal, from 1995 to 1999. The structural variables used in the analysis of conditional convergence is the ratio of capital/output, the flow of goods/output and location ratio. This study analyses, also, through cross-section estimation methods, the influence of spatial effects and human capital in the conditional productivity convergence in the economic sectors of NUTs III of mainland Portugal between 1995 and 2002. This study analyses, yet, through cross-section estimation methods, the influence of spatial effects in the conditional product convergence in the parishes’ economies of mainland Portugal between 1991 and 2001. The conclusions depend of the period and of the method used.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 32631.

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Date of creation: 2011
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Handle: RePEc:pra:mprapa:32631

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Keywords: convergence; spatial econometrics; Portuguese regions;

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References

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  1. Vitor Joao Pereira Domingues Martinho, 2011. "Spatial Effects and Convergence Theory in the Portuguese Situation," Papers 1110.5571, arXiv.org.
  2. Vítor Martinho, 2011. "Spatial Effects in Convergence of Portuguese Product," Working Papers, globADVANTAGE, Polytechnic Institute of Leiria 79, globADVANTAGE, Polytechnic Institute of Leiria.
  3. Sala-i-Martin, Xavier X., 1996. "Regional cohesion: Evidence and theories of regional growth and convergence," European Economic Review, Elsevier, Elsevier, vol. 40(6), pages 1325-1352, June.
  4. Martinho, Vítor João Pereira Domingues, 2011. "Sectoral convergence in output per worker between Portuguese regions," MPRA Paper 32269, University Library of Munich, Germany.
  5. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 110(4), pages 1127-70, November.
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Cited by:
  1. Martinho, Vítor João Pereira Domingues, 2011. "Application of convergence theories and new economic geography in Portugal. Differences and similarities," MPRA Paper 32920, University Library of Munich, Germany.
  2. Martinho, Vítor João Pereira Domingues, 2011. "Net migration and convergence in Portugal. An alternative analysis," MPRA Paper 32801, University Library of Munich, Germany.
  3. Martinho, Vítor João Pereira Domingues, 2011. "Application of Keynesian and convergence theories in Portugal. Differences and similarities," MPRA Paper 32910, University Library of Munich, Germany.
  4. Martinho, Vítor João Pereira Domingues, 2011. "What said the economic theory about Portugal. Another approach," MPRA Paper 33022, University Library of Munich, Germany.

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