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The Two Faces of R&D and Human Capital: Evidence from Western European Regions

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  • Johanna Vogel

Abstract

This paper investigates two channels through which research and development (R&D) and human capital may affect regional total factor productivity growth in the manufacturing sector, using panel data on 159 EU-15 regions from 1992 to 2005. Based on the endogenous growth model of Griffith, Redding and Van Reenen (2003), we allow R&D and human capital to influence productivity growth both directly, reflecting own innovation, and indirectly, reflecting imitation of frontier technology. Further, the model allows for conditional convergence to a long-run level of TFP relative to the frontier. We also develop an extension that captures geographically localised technology spillovers. Our preferred system-GMM estimates provide evidence of a positive and significant direct effect of human capital, and a positive and significant indirect effect of R&D on productivity growth. This may be interpreted as lending support to the recent focus of EU regional policy on raising educational attainment and R&D expenditures, although their channels of influence appear to differ. Our results also suggest that TFP convergence has taken place over our sample period and that geographic distance to the technology frontier matters.

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  • Johanna Vogel, 2012. "The Two Faces of R&D and Human Capital: Evidence from Western European Regions," Economics Series Working Papers 599, University of Oxford, Department of Economics.
  • Handle: RePEc:oxf:wpaper:599
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    4. Tsung-Chun Chen & Yenchun Jim Wu, 2020. "The Influence of R&D Intensity on Financial Performance: The Mediating Role of Human Capital in the Semiconductor Industry in Taiwan," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
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    6. Rodríguez-Pose, Andrés & Wilkie, Callum & Zhang, Min, 2021. "Innovating in “lagging” cities: a comparative exploration of the dynamics of innovation in Chinese cities," LSE Research Online Documents on Economics 120989, London School of Economics and Political Science, LSE Library.
    7. Andrés Rodríguez‐Pose & Callum Wilkie, 2019. "Innovating in less developed regions: What drives patenting in the lagging regions of Europe and North America," Growth and Change, Wiley Blackwell, vol. 50(1), pages 4-37, March.
    8. Vogel, Johanna, 2013. "Regional Convergence in Europe: A Dynamic Heterogeneous Panel Approach," MPRA Paper 51794, University Library of Munich, Germany.
    9. Thomas Schatzer & Matthias Siller & Janette Walde & Gottfried Tappeiner, 2019. "The Impact of Model Choice on Estimates of Regional TFP," International Regional Science Review, , vol. 42(1), pages 98-116, January.
    10. Tomasz & Anna Golejewska, 2017. "Regional variation of innovation activity in Poland. The positive role of location in metropolitan areas affirmed," Working Papers of Economics of European Integration Division 1701, The Univeristy of Gdansk, Faculty of Economics, Economics of European Integration Division.
    11. Arkadiusz Kijek & Tomasz Kijek, 2020. "Nonlinear Effects of Human Capital and R&D on TFP: Evidence from European Regions," Sustainability, MDPI, vol. 12(5), pages 1-14, February.
    12. Horst Hanusch & Lekha Chakraborty & Swati Khurana, 2016. "Public Expenditures, Innovation and Economic Growth: Empirical Evidence from G20 Countries," Discussion Paper Series 329, Universitaet Augsburg, Institute for Economics.
    13. Roberta Capello & Camilla Lenzi, 2015. "The Knowledge–Innovation Nexus. Its Spatially Differentiated Returns to Innovation," Growth and Change, Wiley Blackwell, vol. 46(3), pages 379-399, September.
    14. PUIU Ionela-Andreea & NECULA Marian, 2020. "Cluster Analysis Of Regional Research And Development Disparities In Europe," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(3), pages 303-312, December.
    15. Mustafa Cem KIRANKABEŞ & Abdullah ERKUL, 2019. "Regional knowledge production in Central and East European countries: R&D factor productivity and changes in performances," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 25-44, June.
    16. Rinaldo Evangelista & Valentina Meliciani & Antonio Vezzani, 2015. "The Specialisation of EU Regions in Fast Growing and Key Enabling Technologies," JRC Research Reports JRC98111, Joint Research Centre (Seville site).
    17. Diana Alexa & Monica Pop-Silaghi & Laura Mariana Cismaṣ, 2016. "Total Factor Productivity, Health and Spatial Dependence in Some European Regions," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(3), pages 387-408, September.
    18. Rinaldo Evangelista & Valentina Meliciani & Antonio Vezzani, 2019. "Fast Growing and Key Enabling Technologies and their impact on regional growth inEurope," Working Papers 42, Birkbeck Centre for Innovation Management Research, revised Feb 2021.
    19. Sara Barcenilla-Visús & Carmen López-Pueyo, 2018. "Inside Europe: human capital and economic growth revisited," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 45(4), pages 821-847, November.

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    More about this item

    Keywords

    Total factor productivity; Convergence; Human capital; Research and development; European regions;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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