Growth dynamics in regional systems of technological activities â€“ A SVAR approach
AbstractThis paper analyses the causal relationships in regional technological systems within a structural vector autoregression (SVAR) framework. Applying a data-driven identification strategy based on Independent Component Analysis, it shows how the regional growth dynamics of economic, research, innovation and educational activities affect each other instantaneously and over time in five different industries. Referring to the type of industry and its knowledge base, expectations are derived on how industry-specific growth processes unfold. Knowledge on the causal relations among the various activities in such regional technological systems is of utmost relevance to the design and implementation of efficient policy instruments.
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Bibliographic InfoPaper provided by Philipps University Marburg, Department of Geography in its series Working Papers on Innovation and Space with number 2013-12.
Length: 28 pages
Date of creation: 09 Oct 2013
Date of revision:
regional growth; SVAR; non-normality; innovations; universities; R&D; regional technological systems;
Find related papers by JEL classification:
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-16 (All new papers)
- NEP-CSE-2013-11-16 (Economics of Strategic Management)
- NEP-GEO-2013-11-16 (Economic Geography)
- NEP-INO-2013-11-16 (Innovation)
- NEP-SBM-2013-11-16 (Small Business Management)
- NEP-TID-2013-11-16 (Technology & Industrial Dynamics)
- NEP-URE-2013-11-16 (Urban & Real Estate Economics)
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