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The Economic Theory and the Portuguese Manufactured Industry

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  • Martinho, Vítor João Pereira Domingues

Abstract

This work aims to compare the Keynesian theory, namely by the Verdoorn Law, the neoclassical theory, by the absolute convergence, and the geographic concentration, by the Rybczynski equation, explanations about the different manufactured industry of the Portuguese regions (NUTs II), for the period 1986-1994. The Verdoorn Law, is tested with the alternative specifications of Kaldor (1966. The absolute convergence is tested for the productivity. To analyze the geographic concentration, with Rybczynski equation, is tested the importance which the natural advantages and local resources are in the manufacturing industry location, in relation with the "spillovers" effects and industrial policies.

Suggested Citation

  • Martinho, Vítor João Pereira Domingues, 2011. "The Economic Theory and the Portuguese Manufactured Industry," EconStor Preprints 51350, ZBW - Leibniz Information Centre for Economics.
  • Handle: RePEc:zbw:esprep:51350
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 70(1), pages 65-94.
    2. Vitor Joao Pereira Domingues Martinho, 2011. "Sectoral Convergence in Output Per Worker Between Portuguese Regions," Papers 1110.5552, arXiv.org.
    3. Vitor Joao Pereira Domingues Martinho, 2011. "The Verdoorn Law in the Portuguese Regions: A Panel Data Analysis," Papers 1110.5544, arXiv.org.
    4. Kim, Sukkoo, 1999. "Regions, resources, and economic geography: Sources of U.S. regional comparative advantage, 1880-1987," Regional Science and Urban Economics, Elsevier, vol. 29(1), pages 1-32, January.
    5. A. P. Thirlwall, 2007. "Regional Problems are "Balance-of-Payments" Problems," Regional Studies, Taylor & Francis Journals, vol. 41(sup1), pages 89-95.
    6. Vitor Joao Pereira Domingues Martinho, 2011. "Geographic Concentration in Portugal and Regional Specific Factors," Papers 1110.5558, arXiv.org.
    7. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 1127-1170.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Verdoorn law; convergence theories; geographic concentration; panel data; manufactured industries; Portuguese regions;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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