Explaining the Level of Relative Investment Specialisation: A Spatial Econometric Analysis of EU Regions

Arbeitspapier

This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions. Larger market and regional sizes diminish; a higher unemployment rate, population density, the fact of being a central region, the distance to the economic centre, and economic liberalisation increase the level of specialisation. These results are not sensitive to differing formulations of the specialisation indicator. Accounting for spatial dependence by the use of spatial econometric tools, negative spatial interactions probably due to data inconsistencies are present. However, the results of classical econometric estimates are robust.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZEW Discussion Papers ; No. 02-49

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

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

Weitere Informationen

• Handle: http://hdl.handle.net/10419/24636
• Letzte Aktualisierung: 20.09.2024, 08:21 MESZ