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Title:What Determines Relative Sectoral Investment Patterns in EU Regions? PDF Logo
Authors:Stirböck, Claudia
Issue Date:2002
Series/Report no.:ZEW Discussion Papers 02-55
Abstract:This study analyses relative sectoral investment patterns in EU regions. In an exploratory spatial data analysis, spatial clusters of high relative investments can be identified for some sectors. In the econometric analysis, we control for heteroscedasticity and potential endogeneity and find that investments in manufacturing sectors are attracted by central regions, investments in services sectors, instead, by administrative centres as well as regions far away from their national administrative centre. A higher local level of sectoral economies of scale and of productivity strongly increases investments in manufacturing sectors. Labour cost differentials, however, are insignificant in explaining the location of relative sectoral investments.
Subjects:Regional Specialisation
Sectoral Investments
Exploratory Spatial Data Analysis
Cross-Section Time-Series Regressions
JEL:R12
C30
F15
F2
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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