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What drives total factor productivity growth? An examination of spillover effects
This study analyses the role of regional characteristics, particularly regional knowledge spillovers, as drivers of total factor productivity (TFP) growth in 190 European regions. A new modelling approach for knowledge spillovers that is different from the commonly used neighbourhood matrices is proposed. Therefore, by estimating the impact of drivers on TFP growth, findings reveal a strong direct effect of TFP spillovers alongside factors such as research and development (R&D) spending, cultural values or perceived quality of governance. However, the results also show that the openness of regional society to progress is a prerequisite for the effective use of existing knowledge.
What drives total factor productivity growth? An examination of spillover effects
This study analyses the role of regional characteristics, particularly regional knowledge spillovers, as drivers of total factor productivity (TFP) growth in 190 European regions. A new modelling approach for knowledge spillovers that is different from the commonly used neighbourhood matrices is proposed. Therefore, by estimating the impact of drivers on TFP growth, findings reveal a strong direct effect of TFP spillovers alongside factors such as research and development (R&D) spending, cultural values or perceived quality of governance. However, the results also show that the openness of regional society to progress is a prerequisite for the effective use of existing knowledge.
What drives total factor productivity growth? An examination of spillover effects
Siller, Matthias (author) / Schatzer, Thomas (author) / Walde, Janette (author) / Tappeiner, Gottfried (author)
Regional Studies ; 55 ; 1129-1139
2021-06-03
11 pages
Article (Journal)
Electronic Resource
Unknown
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