Total Factor Productivity, Intangible Assets and Spatial Dependence in the European Regions

Barbara Dettori, Emanuela Marrocu and Raffaele Paci

Regional Studies, 2012, vol. 46, issue 10, 1401-1416

Abstract: Dettori B., Marrocu E. and Paci R. Total factor productivity, intangible assets and spatial dependence in the European regions, Regional Studies . The aim of this paper is to analyse the determinants of the efficiency levels across the European regions. Firstly, a regression-based measure of regional total factor productivity is derived by estimating a spatial Cobb--Douglas production function. Secondly, the role played by intangible factors (human capital, social capital and technological capital) on total factor productivity levels is investigated by applying the spatial two-stage least-squares (2SLS) method and the spatial heteroskedasticy and correlation consistent (SHAC) estimator to account for both heteroskedasticity and spatial autocorrelation. It turns out that a large part of total factor productivity differences across the European regions is explained by disparities in the endowments of these intangible assets.

Date: 2012
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Working Paper: Total factor productivity, intangible assets and spatial dependence in the European regions (2008)
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DOI: 10.1080/00343404.2010.529288

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