Causal relations between knowledge-intensive business services and regional employment growth

Arbeitspapier

This paper studies the causal relations between regional employment growth in Knowledge-Intensive Business Services (KIBS) and overall regional employment growth using German labour-market data for the period 1999-2012. Adopting a recently developed technique, we are able to estimate a structural vector autoregressive model in which the causal directions between KIBS and other sectors are examined including various time lags. One main finding holds that although regional growth has a negative short-term effect on KIBS, KIBS growth has a long-term positive effect on the whole regional economy. This result confirms the claim that KIBS can play a key role in regional policies. Distinguishing between financial and non-financial KIBS, we find that financial KIBS have a procyclical effect on regional growth underlining the potential de-stabilizing effect of a large financial sector.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: LEM Working Paper Series ; No. 2015/27

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Forecasting Models; Simulation Methods ; Technological Change: Choices and Consequences; Diffusion Processes ; General Regional Economics (includes Regional Data)
• Thema: Employment growth ; growth spillovers ; KIBS ; industrial dynamics ; financial geography

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Brenner, Thomas ; Capasso, Marco ; Duschl, Matthias ; Frenken, Koen ; Treibich, Tania
• Ereignis: Veröffentlichung
• (wer): Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
• (wo): Pisa
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/148162
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ