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“Factor Accumulation, Externalities and Absorptive Capacity in Regional Growth: Evidence from Europe”

Author

Listed:
  • Juan Jung

    (Faculty of Economics, University of Barcelona)

  • Enrique López-Bazo

    (Faculty of Economics, University of Barcelona)

Abstract

This paper proposes a model which incorporates capital accumulation and spatial spillovers across economies, while allowing for regional differences in absorptive abilities. This model is estimated using a sample of 215 European NUTS2 regions, before and after the 2004 enlargement of the single??market area. Results confirm the relevance of local absorptive capacities, as are found to be directly linked with the process of making the most of externalities. More than that, capital accumulation externalities do not seem to take place in absence of local capabilities. The process of capital deepening which took place in the period reduced the role of capital in explaining the productivity gap among regions, but so far has not been enough to help lagging regions to equal the return to human capital investments reached by most advanced regions.

Suggested Citation

  • Juan Jung & Enrique López-Bazo, 2014. "“Factor Accumulation, Externalities and Absorptive Capacity in Regional Growth: Evidence from Europe”," IREA Working Papers 201416, University of Barcelona, Research Institute of Applied Economics, revised May 2014.
    • Handle: RePEc:ira:wpaper:201416
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    File URL: http://www.ub.edu/irea/working_papers/2014/201416.pdf
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    Cited by:

    1. Tomasz Kijek & Anna Matras-Bolibok, 2020. "Knowledge-intensive Specialisation and Total Factor Productivity (TFP) in the EU Regional Scope," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 68(1), pages 181-188.
    2. R. Church & J. C. Duque & D. E. Restrepo, 2020. "The p-Innovation ecosystems model," Papers 2008.05885, arXiv.org.
    3. J. Paul Elhorst & Ioanna Tziolas & Chang Tan & Petros Milionis, 2024. "The distance decay effect and spatial reach of spillovers," Journal of Geographical Systems, Springer, vol. 26(2), pages 265-289, April.
    4. Xu Wang & Hong Fang & Fang Zhang & Siran Fang, 2018. "The Spatial Analysis of Regional Innovation Performance and Industry-University-Research Institution Collaborative Innovation—An Empirical Study of Chinese Provincial Data," Sustainability, MDPI, vol. 10(4), pages 1-16, April.
    5. Valdez , Rolando I., 2019. "Spatial diffusion of economic growth and externalities in Mexico," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 45, pages 139-160.

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