Macroeconomic effects of the geography of knowledge production: EcoRET, a macroeconometric model with regionally endogenized technological change for Hungary

Konferenzbeitrag

Mainstream economic thinking is still characterized by a predominantly a-spatial theoretical structure. Though economists are able to model the impacts of capital, labor or technology on output, employment or prices at both macro and micro levels, our methodological tools are still not sensitive to the influence of geography on the way inputs contribute to production. Empirical investigations of the relationship between agglomeration and macroeconomic growth are still relatively rare in the literature. It is also a very recent advancement that geographical structure is modeled simultaneously with other variables in macroeconomic models. This paper introduces EcoRET the macroeconometric model with regionally endogenized technological change for Hungary. The unique feature of EcoRET is that it incorporates spatial structure into a traditional macroeconometric model by a regional block of technological change. The model can be applied for policy simulations on the macroeconomic effects of changing geographical distribution of regional financial supports. JEL classification: O31, H41, O40 Keywords: endogenous growth theory, new economic geography, knowledge spillovers, total factor productivity, agglomeration economies

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: 44th Congress of the European Regional Science Association: "Regions and Fiscal Federalism", 25th - 29th August 2004, Porto, Portugal

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Public Goods ; Economic Growth and Aggregate Productivity: General
• Thema: endogenous growth theory ; new economic geography ; knowledge spillovers ; total factor productivity ; agglomeration economies

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Schalk, Hans Joachim ; Varga, Attila
• Ereignis: Veröffentlichung
• (wer): European Regional Science Association (ERSA)
• (wo): Louvain-la-Neuve
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/117211
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ