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Verdoorn's Law and increasing returns: an empirical analysis of the Spanish regions

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  • Miguel Leon-Ledesma

Abstract

The aim of this paper is to test for the presence of increasing returns in the Spanish regions through the estimation of the Verdoorn Law. Alternative specifications of the Law will be tested using panel data techniques. The results strongly support the hypotheses of increasing returns.

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  • Miguel Leon-Ledesma, 1999. "Verdoorn's Law and increasing returns: an empirical analysis of the Spanish regions," Applied Economics Letters, Taylor & Francis Journals, vol. 6(6), pages 373-376.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:6:p:373-376
    DOI: 10.1080/135048599353113
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    References listed on IDEAS

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    1. Rowthorn, R E, 1975. "What Remains of Kaldor's Law?," Economic Journal, Royal Economic Society, vol. 85(337), pages 10-19, March.
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    Cited by:

    1. Araujo, Ricardo Azevedo & Santini, Theo & de Acypreste, Rafael, 2023. "A vertically integrated approach to increasing returns and cumulative causation," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 49-58.
    2. Vítor João Pereira Domingues Martinho, 2019. "Socioeconomic Impacts of Forest Fires upon Portugal: An Analysis for the Agricultural and Forestry Sectors," Sustainability, MDPI, vol. 11(2), pages 1-14, January.
    3. Alvaro Angeriz & John McCombie & Mark Roberts, 2008. "Returns to Scale for EU Regional Manufacturing," Working Papers 20, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    4. Stefan Ederer & Stefan Schiman, 2018. "Effekte der gesamtwirtschaftlichen Produktion auf die Entwicklung der Produktivität in Österreich und der EU," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 44(1), pages 17-43.
    5. José Francisco Bellod Redondo, 2016. "La Ley de Thirlwall y el Output Gap en España," Contribuciones a la Economía, Servicios Académicos Intercontinentales SL, issue 2016-04, october-d.

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