What Determines Relative Sectoral Investment Patterns in EU Regions?

Arbeitspapier

This study analyses relative sectoral investment patterns in EU regions. In an exploratory spatial data analysis, spatial clusters of high relative investments can be identified for some sectors. In the econometric analysis, we control for heteroscedasticity and potential endogeneity and find that investments in manufacturing sectors are attracted by central regions, investments in services sectors, instead, by administrative centres as well as regions far away from their national administrative centre. A higher local level of sectoral economies of scale and of productivity strongly increases investments in manufacturing sectors. Labour cost differentials, however, are insignificant in explaining the location of relative sectoral investments.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 02-55

Classification and Topics

• Classification: Wirtschaft ; Size and Spatial Distributions of Regional Economic Activity ; Multiple or Simultaneous Equation Models; Multiple Variables: General ; Economic Integration
• Subject: Regional Specialisation ; Sectoral Investments ; Exploratory Spatial Data Analysis ; Cross-Section Time-Series Regressions ; Investition ; Räumliche Verteilung ; Regionale Arbeitsteilung ; Agglomerationseffekt ; Lokalisationseffekt ; Industriestandort ; Dienstleistungssektor ; Schätzung ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Stirböck, Claudia
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/24589
• Last update: 10.03.2025, 11:43 AM CET