A multi-equation spatial econometric model,with application to EU manufacturing productivity growth |
| |
| Authors: | Bernard Fingleton |
| |
| Institution: | (1) Department of Land Economy, Cambridge University, 19 Silver Street, Cambridge, CB3 9EP, UK |
| |
| Abstract: | A multi-equation spatial econometric model is used to explain variations across EU regions in manufacturing productivity growth
based on recent theoretical developments in urban economics and economic geography. The paper shows that temporal and spatial
parameter homogeneity is an unrealistic assumption, contrary to what is typically assumed in the literature. Constraints are
imposed on parameters across time periods and between core and peripheral regions of the EU, with the significant loss of
fit providing overwhelming evidence of parameter heterogeneity, although the final model does highlight increasing returns
to scale, which is a central feature of contemporary theory.
|
| |
| Keywords: | Economic geography Spatial econometrics EU manufacturing productivity Spatial SUR |
| 本文献已被 SpringerLink 等数据库收录！ |
|
