The impact of human capital on regional labor productivity in Europe

Manfred M. Fischer, Monika Bartkowska, Aleksandra Riedl, Sascha Sardadvar, Andrea Kunnert

    Publikation: Working/Discussion PaperWorking Paper/Preprint

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    Abstract

    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.
    OriginalspracheEnglisch
    ErscheinungsortVienna
    HerausgeberWU Vienna University of Economics and Business
    PublikationsstatusVeröffentlicht - 1 Nov. 2008

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