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Trade, human capital and innovation. The engines of european regional growth in the 1990s.

Badinger, Harald and Tondl, Gabriele (2002) Trade, human capital and innovation. The engines of european regional growth in the 1990s. EI Working Papers / Europainstitut, 42. Forschungsinstitut für Europafragen, WU Vienna University of Economics and Business, Vienna.

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Abstract

This paper investigates the growth factors of EU regions in the 1990s. We test the hypothesis that regional growth is determined by endogenous growth factors, trade and technological catching-up in a growth accounting framework. Our estimations suggest that growth of EU regions is positively related to the accumulation of physical and human capital. Innovation activity as well as international technology transfer are important for growth. The latter is facilitated if a region is well endowed with human capital. Further, we observe that technological catching-up is promoted by intensive foreign trade, a result which underlines the importance of trade openness for EU regions. (authors' abstract)

Item Type: Paper
Keywords: regional growth / endogenous growth / catching-up / technology transfer / trade
Classification Codes: JEL O300, O400, O520, R110
Divisions: Forschungsinstitute > Europafragen
Depositing User: Repository Administrator
Date Deposited: 05 Apr 2002 10:31
Last Modified: 25 Mar 2015 01:04
URI: http://epub.wu.ac.at/id/eprint/964

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