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The impact of human capital on regional labor productivity in Europe

Fischer, Manfred M. and Bartkowska, Monika and Riedl, Aleksandra and Sardadvar, Sascha and Kunnert, Andrea (2008) The impact of human capital on regional labor productivity in Europe. WU Vienna University of Economics and Business, Vienna.

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Abstract

This paper employs a spatial Durbin model for analyzing the impact of human capital on regional productivity using for 198 NUTS-2 European regions for the sample period from 1995 to 2004. The study provides evidence for the existence of spatial externalities and interactions of the sort as emphasized by new growth theory. To interpret results meaningfully, we calculate summary measures that account for the simultaneous feedback nature of the underlying model. By sampling from the parameter distribution we present measures of dispersion, revealing that it is relative regional advantages in human capital that matter most for productivity growth. (authors' abstract)

Item Type: Paper
Keywords: spatial Durbin model / regional productivity / economic growth / human capital / spatial externalities / European regions
Classification Codes: JEL O47, O52, R11
Divisions: Departments > Sozioökonomie > Wirtschaftsgeographie und Geoinformatik > Fischer
Depositing User: ePub Administrator
Date Deposited: 09 Jul 2014 15:35
Last Modified: 17 Aug 2016 15:04
FIDES Link: https://bach.wu.ac.at/d/research/results/47536/
URI: http://epub.wu.ac.at/id/eprint/3963

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