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The verdoorn law at the regional level: evidence from europe

Author

Listed:
  • Giorgio Fazio
  • Enza Maltese
  • Davide Piacentino

Abstract

In quest’articolo utilizziamo diverse metodologie per stimare l’equazione di Verdoorn con l’obiettivo di saggiare l’ipotesi della presenza di rendimenti crescenti di scala nel settore manifatturiero nelle regioni europee NUTS-2 per l’intervallo temporale 1995-2006. Estendiamo l’equazione di base di Verdoorn considerando la dimensione spaziale sia in termini di prossimità sia di gerarchia geografica. I nostri risultati corroborano la presenza di effetti spaziali, identificano rendimenti crescenti di scala a diversi livelli gerarchici ed evidenziano un certo grado di eterogeneità spaziale. L’analisi svolta evidenzia il ruolo dello spazio nei processi di crescita della produttività regionale, sia in termini di prossimità sia di gerarchia geografica. La produttività delle regioni Europee è caratterizzata da rilevanti spillover spaziali sia positivi, possibilmente legati alla diffusione della tecnologia, che negativi, possibilmente dovuti a effetti di competizione spaziale.

Suggested Citation

  • Giorgio Fazio & Enza Maltese & Davide Piacentino, 2014. "The verdoorn law at the regional level: evidence from europe," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2014(2), pages 34-47.
  • Handle: RePEc:fan:restre:v:html10.3280/rest2014-002002
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    References listed on IDEAS

    as
    1. Ute Pieper, 2003. "Sectoral regularities of productivity growth in developing countries--a Kaldorian interpretation," Cambridge Journal of Economics, Oxford University Press, vol. 27(6), pages 831-850, November.
    2. Thirlwall, A P, 1980. "Rowthorn's Interpretation of Verdoorn's Law," Economic Journal, Royal Economic Society, vol. 90(358), pages 386-388, June.
    3. Dixon, R & Thirlwall, A P, 1975. "A Model of Regional Growth-Rate Differences on Kaldorian Lines," Oxford Economic Papers, Oxford University Press, vol. 27(2), pages 201-214, July.
    4. John S. L. McCombie & Mark Roberts, 2007. "Returns To Scale And Regional Growth: The Static-Dynamic Verdoorn Law Paradox Revisited," Journal of Regional Science, Wiley Blackwell, vol. 47(2), pages 179-208, May.
    5. Alvaro Angeriz & John McCombie & Mark Roberts, 2008. "New Estimates of Returns to Scale and Spatial Spillovers for EU Regional Manufacturing, 1986—2002," International Regional Science Review, , vol. 31(1), pages 62-87, January.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Legge di Verdoorn; rendimenti di scala; regioni europee;

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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