Agglomeration Tendencies in EU Regions: Where Does Capital Go?

Stirböck, Claudia

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URL:	https://ub-madoc.bib.uni-mannheim.de/487
URN:	urn:nbn:de:bsz:180-madoc-4879
Document Type:	Working paper
Year of publication:	2001
The title of a journal, publication series:	None
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: F21 E22 R30 ,
Subject headings (SWD):	Europäische Union , Regionale Wirtschaftsstruktur , Direktinvestition
Abstract:	This paper focuses on two aspects being neglected in the analysis of agglomeration tendencies so far. First, it regards regional agglomeration patterns and secondly, the allocation of capital across industrial sectors. Indeed, the average relative concentration of capital turns out to be of a higher level and variability than the one of employment in 1985-94. Regions marked by a relatively high uneven allocation of capital are also subject to lower economic performance than regions marked by a relatively low capital concentration. Though direct investments in services represent a large share of direct investments in the 1990s, relative specialisation in services is rather low, but steadily increasing from 1985-94 in EU countries and regions.
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BASE: Stirböck, Claudia

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