EconPapers    
Economics at your fingertips  
 

Estimating Verdoorn law for Italian firms and regions

Giorgio Fazio, Enza Maltese and Davide Piacentino

Letters in Spatial and Resource Sciences, 2013, vol. 6, issue 1, 45-54

Abstract: In empirical regional economics, returns to scale are typically estimated at the regional level in search for evidence on alternative theories of growth and agglomeration. However, returns to scale may also have a firm-level dimension. In this paper, we exploit micro level data and estimate the dynamic Verdoorn law in a multilevel-setting, where returns to scale are obtained simultaneously for the micro and the regional level. Using Italian firm-level data and the NUTS-3 level of aggregation, we estimate the classic and augmented versions of Verdoorn law for the manufacturing sector, and the rest of the economy for comparison. Our results show that increasing returns to scale co-exist at both levels, with some degree of regional heterogeneity across the Italian peninsula. Copyright Springer-Verlag 2013

Keywords: Verdoorn law; Returns to scale; Multilevel models; Italian firms; C31; O47; R11; R12 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1007/s12076-012-0085-0 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Estimating Verdoorn law for Italian firms and regions (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lsprsc:v:6:y:2013:i:1:p:45-54

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/12076

DOI: 10.1007/s12076-012-0085-0

Access Statistics for this article

Letters in Spatial and Resource Sciences is currently edited by Henk Folmer and Amitrajeet A. Batabyal

More articles in Letters in Spatial and Resource Sciences from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-20
Handle: RePEc:spr:lsprsc:v:6:y:2013:i:1:p:45-54