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A spatial model of the Keynesian theory for Portugal

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  • Martinho, Vítor João Pereira Domingues

Abstract

With this work we try to present a spatial model for Portugal based on the Keynesian theory. We built the model analysing, through cross-section estimation methods, the influence of spatial effects in productivity in the NUTs III economic sectors of mainland Portugal from 1995 to 1999 and from 2000 to 2005, considering the Verdoorn relationship. Bearing in mind the results of estimations, it can been that the effects of spatial spillovers, spatial lags and spatial error, influence the Verdoorn relationship when it is applied to the economic sectors of Portuguese regions.

Suggested Citation

  • Martinho, Vítor João Pereira Domingues, 2011. "A spatial model of the Keynesian theory for Portugal," MPRA Paper 33636, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33636
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    References listed on IDEAS

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    1. Jean H.P. Paelinck, 2000. "On aggregation in spatial econometric modelling," Journal of Geographical Systems, Springer, vol. 2(2), pages 157-165, July.
    2. Baltagi, Badi H. & Song, Seuck Heun & Koh, Won, 2003. "Testing panel data regression models with spatial error correlation," Journal of Econometrics, Elsevier, vol. 117(1), pages 123-150, November.
    3. Florax, Raymond J. G. M. & Folmer, Hendrik & Rey, Sergio J., 2003. "Specification searches in spatial econometrics: the relevance of Hendry's methodology," Regional Science and Urban Economics, Elsevier, vol. 33(5), pages 557-579, September.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Spatial Econometric; Verdoorn Law; Portuguese Regions;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • 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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