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The impact of human capital on regional labor productivity in Europe

This paper employs a spatial Durbin model for analyzing the impact of human
capital on regional productivity using for 198 NUTS-2 European regions for the
sample period from 1995 to 2004. The study provides evidence for the existence
of spatial externalities and interactions of the sort as emphasized by new growth
theory. To interpret results meaningfully, we calculate summary measures that
account for the simultaneous feedback nature of the underlying model. By
sampling from the parameter distribution we present measures of dispersion,
revealing that it is relative regional advantages in human capital that matter most
for productivity growth. (authors' abstract)

Identiferoai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:3963
Date11 1900
CreatorsFischer, Manfred M., Bartkowska, Monika, Riedl, Aleksandra, Sardadvar, Sascha, Kunnert, Andrea
PublisherWU Vienna University of Economics and Business
Source SetsWirtschaftsuniversität Wien
LanguageEnglish
Detected LanguageEnglish
TypePaper, NonPeerReviewed
Formatapplication/pdf
Relationhttp://epub.wu.ac.at/3963/

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