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What said the neoclassical and endogenous growth theories about Portugal?

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  • Martinho, Vítor João Pereira Domingues

Abstract

The aim of this paper is to present a further contribution, with panel data, to the analysis of absolute convergence ( and ), associated with the neoclassical theory, and conditional, associated with endogenous growth theory, of the sectoral productivity at regional level. Presenting some empirical evidence of absolute convergence of productivity for each of the economic sectors in each of the regions of mainland Portugal (NUTS III) in the period from 1995 to 1999. They are also presented empirical evidence of conditional convergence of productivity, for each of the economic sectors of the NUTS II of Portugal, from 1995 to 1999. The structural variables used in the analysis of conditional convergence is the ratio of capital/output, the flow of goods/output and location ratio. This study analyses, also, through cross-section estimation methods, the influence of spatial effects and human capital in the conditional productivity convergence in the economic sectors of NUTs III of mainland Portugal between 1995 and 2002. This study analyses, yet, through cross-section estimation methods, the influence of spatial effects in the conditional product convergence in the parishes’ economies of mainland Portugal between 1991 and 2001. The conclusions depend of the period and of the method used.

Suggested Citation

  • Martinho, Vítor João Pereira Domingues, 2011. "What said the neoclassical and endogenous growth theories about Portugal?," MPRA Paper 32631, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:32631
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Vitor Joao Pereira Domingues Martinho, 2011. "Spatial Effects and Convergence Theory in the Portuguese Situation," Papers 1110.5571, arXiv.org.
    3. Vitor Joao Pereira Domingues Martinho, 2011. "Sectoral Convergence in Output Per Worker Between Portuguese Regions," Papers 1110.5552, arXiv.org.
    4. Vitor Joao Pereira Domingues Martinho, 2011. "Spatial Effects in Convergence of Portuguese Product," Papers 1110.5556, arXiv.org.
    5. Sala-i-Martin, Xavier X., 1996. "Regional cohesion: Evidence and theories of regional growth and convergence," European Economic Review, Elsevier, vol. 40(6), pages 1325-1352, June.
    6. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 1127-1170.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Martinho, Vítor João Pereira Domingues, 2011. "What said the economic theory about Portugal. Another approach," MPRA Paper 33022, University Library of Munich, Germany.
    2. Martinho, Vítor João Pereira Domingues, 2011. "Application of Keynesian and convergence theories in Portugal. Differences and similarities," MPRA Paper 32910, University Library of Munich, Germany.
    3. Martinho, Vítor João Pereira Domingues, 2011. "Net migration and convergence in Portugal. An alternative analysis," MPRA Paper 32801, University Library of Munich, Germany.
    4. Martinho, Vítor João Pereira Domingues, 2011. "Application of convergence theories and new economic geography in Portugal. Differences and similarities," MPRA Paper 32920, University Library of Munich, Germany.

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    More about this item

    Keywords

    convergence; spatial econometrics; Portuguese regions;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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