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Regional economic development in Europe: the role of total factor productivity
Beugelsdijk, S., Klasing, M. & Milionis, P., 2018, In : Regional Studies. 52, 4, p. 461-476 16 p.Research output: Contribution to journal › Article › Academic › peer-review
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Regional economic development in Europe : the role of total factor productivity. / Beugelsdijk, Sjoerd; Klasing, Mariko; Milionis, Petros.
In: Regional Studies, Vol. 52, No. 4, 2018, p. 461-476.Research output: Contribution to journal › Article › Academic › peer-review
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TY - JOUR
T1 - Regional economic development in Europe
T2 - the role of total factor productivity
AU - Beugelsdijk, Sjoerd
AU - Klasing, Mariko
AU - Milionis, Petros
PY - 2018
Y1 - 2018
N2 - Regional economic development in Europe: the role of total factor productivity. Regional Studies. This paper documents the fact that the large and persistent differences in economic development across subnational regions in European Union countries can largely be attributed to differences in total factor productivity (TFP). Applying the technique of development accounting, the paper decomposes differences in output per worker across 257 European Union regions into a component due to the local availability of production factors and a component due to TFP. As the analysis reveals, TFP differences are large even within countries, and are strongly related to economic geography and historical development paths. This suggests limited interregional diffusion of technology and of efficient production practices.
AB - Regional economic development in Europe: the role of total factor productivity. Regional Studies. This paper documents the fact that the large and persistent differences in economic development across subnational regions in European Union countries can largely be attributed to differences in total factor productivity (TFP). Applying the technique of development accounting, the paper decomposes differences in output per worker across 257 European Union regions into a component due to the local availability of production factors and a component due to TFP. As the analysis reveals, TFP differences are large even within countries, and are strongly related to economic geography and historical development paths. This suggests limited interregional diffusion of technology and of efficient production practices.
KW - regional economic development
KW - total factor productivity
KW - development accounting
KW - European regions
KW - RESEARCH-AND-DEVELOPMENT
KW - GROWTH
KW - CONVERGENCE
KW - GEOGRAPHY
KW - COUNTRIES
KW - SPILLOVERS
KW - INNOVATION
KW - AGGLOMERATION
KW - TECHNOLOGY
KW - INVESTMENT
U2 - 10.1080/00343404.2017.1334118
DO - 10.1080/00343404.2017.1334118
M3 - Article
VL - 52
SP - 461
EP - 476
JO - Regional Studies
JF - Regional Studies
SN - 0034-3404
IS - 4
ER -
ID: 48752994