Macroeconomic effects of the geography of knowledge production: EcoRET, a macroeconometric model with regionally endogenized technological change for Hungary
AbstractMainstream economic thinking is still characterized by a predominantly a-spatial theoretical structure. Though economists are able to model the impacts of capital, labor or technology on output, employment or prices at both macro and micro levels, our methodological tools are still not sensitive to the influence of geography on the way inputs contribute to production. Empirical investigations of the relationship between agglomeration and macroeconomic growth are still relatively rare in the literature. It is also a very recent advancement that geographical structure is modeled simultaneously with other variables in macroeconomic models. This paper introduces EcoRET the macroeconometric model with regionally endogenized technological change for Hungary. The unique feature of EcoRET is that it incorporates spatial structure into a traditional macroeconometric model by a regional block of technological change. The model can be applied for policy simulations on the macroeconomic effects of changing geographical distribution of regional financial supports. JEL classification: O31, H41, O40 Keywords: endogenous growth theory, new economic geography, knowledge spillovers, total factor productivity, agglomeration economies
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa04p521.
Date of creation: Aug 2004
Date of revision:
Contact details of provider:
Postal: Welthandelsplatz 1, 1020 Vienna, Austria
Web page: http://www.ersa.org
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-09 (All new papers)
- NEP-GEO-2005-11-09 (Economic Geography)
- NEP-MAC-2005-11-09 (Macroeconomics)
- NEP-URE-2005-11-09 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zoltan J. Acs & Attila Varga, 2004.
"Entrepreneurship, Agglomeration and Technological Change,"
Papers on Entrepreneurship, Growth and Public Policy, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group
2004-06, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
- Zoltán Ács & Attila Varga, 2005. "Entrepreneurship, Agglomeration and Technological Change," Small Business Economics, Springer, Springer, vol. 24(3), pages 323-334, 02.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier).
If references are entirely missing, you can add them using this form.