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Causal Relations between Knowledge-Intensive Business Services and Regional Employment Growth

Thomas Brenner (), Marco Capasso (), Matthias Duschl, Koen Frenken () and Tania Treibich ()

No 2015-04, Working Papers on Innovation and Space from Philipps University Marburg, Department of Geography

Abstract: This paper studies the causal relations between regional employment growth in Knowledge- Intensive Business Services (KIBS) and overall regional employment growth using German labour-market data for the period 1999-2012. Adopting a recently developed technique, we are able to estimate a structural vector auto- regressive model in which the causal directions between KIBS and other sectors are examined including various time lags. One main finding holds that although regional growth has a negative short-term effect on KIBS, KIBS growth has a long-term posi- tive effect on the whole regional economy. This result confirms the claim that KIBS can play a key role in regional policies. Distinguishing between financial and non- financial KIBS, we find that financial KIBS have a procyclical effect on regional growth underlining the potential de-stabilizing effect of a large financial sector.

Keywords: Employment Growth; growth spillovers; KIBS; industrial dynamics; financial geography (search for similar items in EconPapers)
JEL-codes: C53 O33 R10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-ino, nep-knm and nep-sbm
Date: 2015-12-16
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Related works:
Journal Article: Causal relations between knowledge-intensive business services and regional employment growth (2018) Downloads
Working Paper: Causal Relations between Knowledge-Intensive Business Services and Regional Employment Growth (2015) Downloads
Working Paper: Causal Relations between Knowledge-Intensive Business Services and Regional Employment Growth (2015) Downloads
Working Paper: Causal relations between knowledge-intensive business services and regional employment growth (2015) Downloads
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