Human Capital, R&D and Productivity Convergence of European Regions. A spatial analysis of RHOMOLO's semi endogenous growth approach
AbstractThe aim of the paper is to test the Benhabib and Spiegel (2005) productivity (TFP) catch-up framework on European regions. Differences in the stock of human capital across regions are hypothesized to be the cause of differences in the speed by which follower regions converge and catch-up with the technology frontier. We find robust empirical evidence for this hypothesis. Also, we find evidence of complementarities between R&D expenditures and human capital accumulation for which R&D impacts TFP growth as long as a critical mass for the stock of human capital is reached. The results are robust to sectoral disaggregations and to the choice of a country or sectoral specific leader in the TFP gap computation and to control for spatial dependence across European regions.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p816.
Date of creation: Sep 2011
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-05 (All new papers)
- NEP-DGE-2011-12-05 (Dynamic General Equilibrium)
- NEP-EFF-2011-12-05 (Efficiency & Productivity)
- NEP-FDG-2011-12-05 (Financial Development & Growth)
- NEP-GEO-2011-12-05 (Economic Geography)
- NEP-HRM-2011-12-05 (Human Capital & Human Resource Management)
- NEP-INO-2011-12-05 (Innovation)
- NEP-LAB-2011-12-05 (Labour Economics)
- NEP-PBE-2011-12-05 (Public Economics)
- NEP-SBM-2011-12-05 (Small Business Management)
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.:
- Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
- Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander, 2008.
"International R&D Spillovers and Institutions,"
CEPR Discussion Papers
6882, C.E.P.R. Discussion Papers.
- David T. Coe & Elhanan Helpman & Alexander W. Hoffmaister, 2008. "International R&D Spillovers and Institutions," NBER Working Papers 14069, National Bureau of Economic Research, Inc.
- Alexander W. Hoffmaister & David T. Coe & Elhanan Helpman, 2008. "International R&D Spillovers and Institutions," IMF Working Papers 08/104, International Monetary Fund.
- Jess Benhabib & Mark M. Spiegel, 2002. "Human capital and technology diffusion," Working Papers in Applied Economic Theory 2003-02, Federal Reserve Bank of San Francisco.
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