IDEAS home Printed from https://ideas.repec.org/a/mes/postke/v29y2006i1p149-170.html
   My bibliography  Save this article

Reassessing the validity of Verdoorn's law under conditions of spatial dependence: a case study of the Greek regions

Author

Listed:
  • Stilianos Alexiadis
  • Dimitrios Tsagdis

Abstract

Verdoorn's Law implies that the process of growth is a cumulative one with the "manufacturing advanced" economies growing at the expense of their "less-advanced" counterparts. This paper tests a range of conventional and spatial specifications of Verdoorn's Law across the Greek regions. The findings indicate that the law holds in the case of Greece and that the spatial models (and the spatial-error one, in particular) perform better than the conventional ones. The results indicate that, in the long run, the process of "cumulative causation" can and does slow down in favor of the less-advanced regions.

Suggested Citation

  • Stilianos Alexiadis & Dimitrios Tsagdis, 2006. "Reassessing the validity of Verdoorn's law under conditions of spatial dependence: a case study of the Greek regions," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 29(1), pages 149-170.
    • Handle: RePEc:mes:postke:v:29:y:2006:i:1:p:149-170
    DOI: 10.2753/PKE0160-3477290107
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/PKE0160-3477290107
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/PKE0160-3477290107?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Martinho, Vítor João Pereira Domingues, 2011. "What the keynesian theory said about Portugal?," MPRA Paper 32610, University Library of Munich, Germany.
    2. Fernando López & Jesús Mur & Ana Angulo, 2014. "Spatial model selection strategies in a SUR framework. The case of regional productivity in EU," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(1), pages 197-220, August.
    3. Paolo Postiglione & Maria Simona Andreano & Roberto Benedetti, 2017. "Spatial Clusters in EU Productivity Growth," Growth and Change, Wiley Blackwell, vol. 48(1), pages 40-60, March.
    4. Gianfranco Piras & Paolo Postiglione & Patricio Aroca, 2012. "Specialization, R&D and productivity growth: evidence from EU regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 49(1), pages 35-51, August.
    5. Viego, Valentina, 2010. "Rendimientos crecientes, costos de transporte, eslabonamientos verticales y asimetrías regionales persistentes [Increasing returns, transport costs, vertical linkages and persistent regional inequa," MPRA Paper 26881, University Library of Munich, Germany, revised 04 Aug 2010.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:29:y:2006:i:1:p:149-170. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MPKE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.