Arbeitspapier
Relative specialisation of EU regions: an econometric analysis of sectoral gross fixed capital formation
This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions for the period between 1985 and 1994. Controlling for heteroscedasticity and potential endogeneity problems, we get consistent econometric results. Larger market and regional sizes diminish relative investment specialisation while a higher unemployment rate, population density, the fact of being a central region, the distance to the economic centre, and economic liberalisation increase its level. The variation of the specialisation level of one region over time, however, cannot be explained econometrically, it thus might underlie random disturbances.
- Sprache
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Englisch
- Erschienen in
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Series: ZEW Discussion Papers ; No. 02-36
Economic Integration
Multiple or Simultaneous Equation Models; Multiple Variables: General
Size and Spatial Distributions of Regional Economic Activity
Regional Economics
Capital Allocation
Panel Data Analysis
Regionale Arbeitsteilung
Internationale Arbeitsteilung
Investition
Branche
Neue ökonomische Geographie
Schätzung
EU-Staaten
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Stirböck, Claudia
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2002