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Productivity growth in the Old and New Europe: the role of agglomeration externalities

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  • Raffaele Paci

    ()

  • Emanuela Marrocu

    ()

  • Stefano Usai

    ()

Abstract

The recent history of Europe is characterized by a dual picture showing the Old and New countries in sharp contrast with respect to their industrial specialisation and economic performance. We aim at analyzing the intertwined performance of regions and industries in New and Old European economies by investigating the effects of local agglomeration externalities (mainly specialisation and diversity externalities) on total factor productivity dynamics. We also analyse the potential influence of regional intangible assets such as human and technological capital. The econometric analysis makes use of spatial econometric techniques to take into account the possibility of cross-border externalities.

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p200.

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Date of creation: Sep 2011
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Handle: RePEc:wiw:wiwrsa:ersa11p200

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Citations

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Cited by:
  1. Emanuela Marrocu & Raffaele Paci, 2011. "Education or just Creativity: what matters most for economic performance?," ERSA conference papers ersa11p199, European Regional Science Association.
  2. Borsi, Mihály Tamás & Metiu, Norbert, 2013. "The evolution of economic convergence in the European Union," Discussion Papers 28/2013, Deutsche Bundesbank, Research Centre.
  3. Emanuela Marrocu & Raffaele Paci, 2013. "Regional Development and Creativity," International Regional Science Review, , vol. 36(3), pages 354-391, July.
  4. 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.
  5. Giulio Cainelli & Andrea Fracasso & Giuseppe Vittucci Marzetti, 2012. "Spatial agglomeration and productivity in Italy: a panel smooth transition regression approach," Openloc Working Papers 1204, Public policies and local development.
  6. M. Foddi & S. Usai, 2012. "Regional innovation performance in Europe," Working Paper CRENoS 201221, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  7. N.S. Bosma & F.G. van Oort, 2012. "Agglomeration Economies, Inventors and Entrepreneurs as Engines of European Regional Productivity," Working Papers 12-20, Utrecht School of Economics.

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