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
Englisch

Erschienen in
Series: ZEW Discussion Papers ; No. 02-36

Klassifikation
Wirtschaft
Economic Integration
Multiple or Simultaneous Equation Models; Multiple Variables: General
Size and Spatial Distributions of Regional Economic Activity
Thema
Economic Geography
Regional Economics
Capital Allocation
Panel Data Analysis
Regionale Arbeitsteilung
Internationale Arbeitsteilung
Investition
Branche
Neue ökonomische Geographie
Schätzung
EU-Staaten

Ereignis
Geistige Schöpfung
(wer)
Stirböck, Claudia
Ereignis
Veröffentlichung
(wer)
Zentrum für Europäische Wirtschaftsforschung (ZEW)
(wo)
Mannheim
(wann)
2002

Handle
Letzte Aktualisierung
12.07.2024, 13:20 MESZ

Objekttyp

  • Arbeitspapier

Beteiligte

  • Stirböck, Claudia
  • Zentrum für Europäische Wirtschaftsforschung (ZEW)

Entstanden

  • 2002

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