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The technological capital as production factor in Spanish regions, 1980-2000

Author

Listed:
  • Escribá, Francisco Javier

    (Universidad de Valencia)

  • Murgui , M.ª José

    () (Universidad de Valencia)

Abstract

In this work we construct a database of regional technological capital, with the maximun disaggregation compatible with Official Regional Accounts of Spain. In addition, we analyze the goodness of these series and their performance in the estimation of regional aggregate production functions. In the estimations both own technological capital and external capital are included. The results show reasonable estimated values of the output elasticities, which imply rates of return to technological capital much higher that to other types of capital.

Suggested Citation

  • Escribá, Francisco Javier & Murgui , M.ª José, 2007. "The technological capital as production factor in Spanish regions, 1980-2000," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 10, pages 33-52.
  • Handle: RePEc:ris:invreg:0133
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    More about this item

    Keywords

    I+D; stock of capital; productivity; regions;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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