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The Economic Theory and the Portuguese Manufactured Industry

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  • Martinho, Vítor João Pereira Domingues

Abstract

This work aims to compare the Keynesian theory, namely by the Verdoorn Law, the neoclassical theory, by the absolute convergence, and the geographic concentration, by the Rybczynski equation, explanations about the different manufactured industry of the Portuguese regions (NUTs II), for the period 1986-1994. The Verdoorn Law, is tested with the alternative specifications of Kaldor (1966. The absolute convergence is tested for the productivity. To analyze the geographic concentration, with Rybczynski equation, is tested the importance which the natural advantages and local resources are in the manufacturing industry location, in relation with the "spillovers" effects and industrial policies. --

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Paper provided by ZBW - German National Library of Economics in its series EconStor Preprints with number 51350.

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Date of creation: 16 Nov 2011
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Handle: RePEc:zbw:esprep:51350

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Keywords: Verdoorn law; convergence theories; geographic concentration; panel data; manufactured industries; Portuguese regions;

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  1. Kim, Sukkoo, 1999. "Regions, resources, and economic geography: Sources of U.S. regional comparative advantage, 1880-1987," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 29(1), pages 1-32, January.
  2. A. P. Thirlwall, 2007. "Regional Problems are "Balance-of-Payments" Problems," Regional Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 41(sup1), pages S89-S95.
  3. 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.
  4. Vitor Joao Pereira Domingues Martinho, 2011. "The Verdoorn Law in the Portuguese Regions: A Panel Data Analysis," Papers 1110.5544, arXiv.org.
  5. Martinho, Vítor João Pereira Domingues, 2011. "Geographic concentration in Portugal and regional specific factors," MPRA Paper 32317, University Library of Munich, Germany.
  6. Martinho, Vítor João Pereira Domingues, 2011. "Sectoral convergence in output per worker between Portuguese regions," MPRA Paper 32269, University Library of Munich, Germany.
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