What Determines Relative Sectoral Investment Patterns in EU Regions?


Stirböck, Claudia


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URL: http://ub-madoc.bib.uni-mannheim.de/390
URN: urn:nbn:de:bsz:180-madoc-3904
Document Type: Working paper
Year of publication: 2002
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: R12 C30 F15 F2 ,
Subject headings (SWD): Europäische Union , Regionalwirtschaft , Sektorale Wirtschaftsstruktur , Investition
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.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Stirböck, Claudia (2002) What Determines Relative Sectoral Investment Patterns in EU Regions? Open Access [Working paper]
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