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Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Working Papers on Innovation and Space No. 03.17
Verlag: 
Philipps-University Marburg, Department of Geography, Marburg
Zusammenfassung: 
This paper investigates the mutual impact channels of Germany's major regional policy instrument (GRW) on regional economic development. Different from earlier studies which have predominately focused on a partial assessment of output ef-fects, we explicitly endogenize the factor inputs of the underlying production func-tion. This allows us to comprehensively assess the role of the GRW in driving per capita output, employment, human and physical capital intensities as well as the region's technology level. The results from a spatial panel vector autoregressive model show that GRW funding has significant positive effects on regional output, the employment rate and human capital intensity.
Schlagwörter: 
regional policy
production function
factor inputs
SpPVAR
impulse-response functions
JEL: 
C33
R11
R58
O47
Dokumentart: 
Working Paper

Datei(en):
Datei
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