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| Title: | | Explaining the Level of Relative Investment Specialisation: A Spatial Econometric Analysis of EU Regions  |
| Authors: | | Stirböck, Claudia |
| Issue Date: | | 2002 |
| Series/Report no.: | | ZEW Discussion Papers 02-49 |
| Abstract: | | This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions. Larger market and regional sizes diminish; a higher unemployment rate, population density, the fact of being a central region, the distance to the economic centre, and economic liberalisation increase the level of specialisation. These results are not sensitive to differing formulations of the specialisation indicator. Accounting for spatial dependence by the use of spatial econometric tools, negative spatial interactions probably due to data inconsistencies are present. However, the results of classical econometric estimates are robust. |
| Subjects: | | Economic Geography Regional Economics Capital Allocation Spatial Econometric Analysis |
| JEL: | | F2 R12 C30 F15 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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