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The Innovation Factor: An Econometric Model of Productivity European Regions

Author

Listed:
  • VIEIRA, Elvira
  • VAZQUEZ-ROZAS, Emilia
  • NEIRA, Isabel

Abstract

This paper emphasizes the importance of the innovation input in the productive process, as a way to maximize the capacity and effectiveness of the labour factor and its productivity. This work describes some of the factors that are enunciated and that condition the existence of good levels of productivity of the factor work, enhancing with special attention the narrow relation between innovation and productivity. In this direction we proceed to the specification of an econometric model, inspired by the Solow Growth Model, with the clear objective of placing in evidence the importance of the technological progress and the growth of productivity in 108 NUTS II regions of the European Union, using for such the expense in Research and Development, as a reference measure.

Suggested Citation

  • VIEIRA, Elvira & VAZQUEZ-ROZAS, Emilia & NEIRA, Isabel, 2008. "The Innovation Factor: An Econometric Model of Productivity European Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 8(1), pages 59-70.
  • Handle: RePEc:eaa:eerese:v:8:y2008:i:8_3
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    File URL: http://www.usc.es/economet/reviews/eers813.pdf
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    References listed on IDEAS

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    1. Jose Miguel Benavente, 2006. "The role of research and innovation in promoting productivity in chile," Economics of Innovation and New Technology, Taylor & Francis Journals, pages 301-315.
    2. Aguayo, Eva & Exposito, Pilar & Rodriguez, X.A. & Vazquez, Emilia, 2000. "Human capital and other factors of the total productivity in Spanish Regions," Economic Development 45, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
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    Citations

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    Cited by:

    1. Igor ANTONENKO, 2014. "Innovation Development Sectoral Trajectories Of The South Russian Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(2).
    2. Alina Elena IOSIF, 2014. "Innovation As A Generator Of National Competitiveness In The European Union," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 670-679, November.
    3. Guisan, M.C. & Vazquez, E., 2013. "Employment, Productivity And Wages In European Regions: Econometric Model Of 96 Nuts-1 In Year 2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1).

    More about this item

    Keywords

    Productivity; Education; Innovation; Regional Development;

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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