Object

Title: Increasing returns to scale, productivity and economic growth – a spatial analysis of the contemporary EU economy

Creator:

Olejnik, Alicja ; Olejnik, Jakub

Description:

Argumenta Oeconomica, 2019, Nr 1 (42), s. 273-293

Abstrakt:

This paper is an attempt to explain variations across 261 regions of 27 EU countries in productivity growth for 2000-2013. The study is based on Fingleton’s model which analyses the spatial process of productivity growth based on some elements of the theory of New Economic Geography and Endogenous Growth Theory. The applied specification links the productivity growth to the growth of output by means of Verdoorn’s law. The model has been tested using the Spatial Panel Durbin Model with Multiple-Level Spatial Fixed Effects. Our findings suggest that increasing returns to scale are present in the EU economy. Moreover, the effect of increasing returns to scale is considerably stronger than has been suggested by both classic and recent research papers. Furthermore, we also find that there are evident spatial clusters of spatial productivity in the EU

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2019

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2019.1.11 ; oai:dbc.wroc.pl:68015

Language:

eng

Relation:

Argumenta Oeconomica, 2019, Nr 1 (42)

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Argumenta Oeconomica

Object collections:

Last modified:

Jun 6, 2019

In our library since:

May 23, 2019

Number of object content hits:

35

All available object's versions:

https://dbc.wroc.pl/publication/129858

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