This paper explores the contribution of knowledge capital to total factor productivity
differences among regions within a regression framework. We provide an econometric
derivation of the relationship and show that the presence of latent/unobservable regional
knowledge capital leads to a model relationship that includes both spatial and technological
dependence. This model specification accounts for both spatial and technological dependence
between regions, which allows us to quantify spillover impacts arising from both types of
interaction. Sample data on 198 NUTS-2 regions spanning the period from 1997 to 2002 was
used to empirically test the model, to measure both direct and indirect effects of knowledge
capital on regional total factor productivity, and to assess the relative importance of knowledge
spillovers from spatial versus technological proximity. (authors' abstract)
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:3961 |
| Date | 07 1900 |
| Creators | LeSage, James P., Fischer, Manfred M. |
| Publisher | WU Vienna University of Economics and Business |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Paper, NonPeerReviewed |
| Format | application/pdf |
| Relation | http://epub.wu.ac.at/3961/ |
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