Explaining the Level of Relative Investment Specialisation: A Spatial Econometric Analysis of EU Regions

Claudia Stirböck
Authors registered in the RePEc Author Service: Claudia Stirboeck ()

No 02-49, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

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.

Keywords: Economic Geography; Regional Economics; Capital Allocation; Spatial Econometric Analysis (search for similar items in EconPapers)
JEL-codes: C30 F15 F2 R12 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:667

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