Agglomeration tendencies in EU regions: where does capital go?
AbstractThis paper focuses on two aspects being neglected in the analysis of agglomeration tendencies so far. First, it regards regional agglomeration patterns and secondly, the allocation of capital across industrial sectors. Indeed, the average relative concentration of capital turns out to be of a higher level and variability than the one of employment in 1985-94. Regions marked by a relatively high uneven allocation of capital are also subject to lower economic performance than regions marked by a relatively low capital concentration. Though direct investments in services represent a large share of direct investments in the 1990s, relative specialisation in services is rather low, but steadily increasing from 1985-94 in EU countries and regions. --
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Bibliographic InfoPaper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 01-28.
Date of creation: 2001
Date of revision:
Regional Economics; Direct Investment; Capital Allocation; Factor Mobility;
Find related papers by JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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