What Determines Relative Sectoral Investment Patterns in EU Regions?

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

No 02-55, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

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.

Keywords: Regional Specialisation; Sectoral Investments; Exploratory Spatial Data Analysis; Cross-Section Time-Series Regressions (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 (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:567

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