Martinho, Vítor João Pereira Domingues (2011): The Verdoorn law in the Portuguese regions: a panel data analysis.
Download (699Kb) | Preview
This work aims to test the Verdoorn Law, with the alternative specifications of (1)Kaldor (1966), for five regions (NUTS II) Portuguese from 1986 to 1994 and for the 28 NUTS III Portuguese in the period 1995 to 1999. Will, therefore, to analyze the existence of increasing returns to scale that characterize the phenomena of polarization with circular and cumulative causes and can explain the processes of regional divergence. It is intended to test, even in this work, the alternative interpretation of (2)Rowthorn (1975) Verdoorn's Law for the same regions and periods. The results of this work will be complemented with estimates of these relationships to other sectors of the economy than the industry (primary and services sector), for each of the manufacturing industries operating in the Portuguese regions and for the total economy of each region.
|Item Type:||MPRA Paper|
|Original Title:||The Verdoorn law in the Portuguese regions: a panel data analysis|
|English Title:||The Verdoorn law in the Portuguese regions: a panel data analysis|
|Keywords:||increasing returns; Verdoorn law; Portuguese regions|
|Subjects:||C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C23 - Models with Panel Data; Longitudinal Data; Spatial Time Series
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
|Depositing User:||Vítor João Pereira Domingues Martinho|
|Date Deposited:||12. Jul 2011 22:16|
|Last Modified:||21. Feb 2013 11:03|
N. Kaldor. Causes of the Slow Rate of Economics of the UK. An Inaugural Lecture. Cambridge: Cambridge University Press, 1966.
R.E. Rowthorn. What Remains of Kaldor Laws? Economic Journal, 85, 10-19 (1975).
P.J. Verdoorn. Fattori che Regolano lo Sviluppo Della Produttivita del Lavoro. L´Industria, 1, 3-10 (1949).
N. Kaldor. Strategic factors in economic development. Cornell University, Itaca, 1967.
R.E. Rowthorn. A note on Verdoorn´s Law. Economic Journal, Vol. 89, pp: 131-133 (1979).
T.F. Cripps and R.J. Tarling. Growth in advanced capitalist economies: 1950-1970. University of Cambridge, Department of Applied Economics, Occasional Paper 40, 1973.
M.A. Leon-Ledesma. Economic Growth and Verdoorn´s Law in the Spanish Regions, 1962-1991. Working Paper, Universidad de La Laguna, Spain, 1998.
A.P. Thirlwall. Regional Problems are “Balance-of-Payments” Problems. Regional Studies, Vol. 14, 419-425 (1980).