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Is cumulative growth in manufacturing productivity slowing down in the EU12 regions?

Alexiadis, Stilianos; Tsagdis, Dimitrios

Authors

Stilianos Alexiadis

Dimitrios Tsagdis



Abstract

The cumulative causation in the relation between labour productivity and output growth, known as Verdoorn's Law, is empirically tested using data from 109 EU12 regions during the period 1977-2005. Several specifications of Verdoorn's Law are put forward in this paper, which attribute the process of cumulative causation to a series of factors, including manufacturing agglomeration, spatial interaction, and responses to the problems of growth. The findings suggest that, although cumulative causation holds over this period, the slowdown of its pace is, nonetheless, apparent post 1992. Revisions in responses (e.g. policy) along with further research are thus recommended. © The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Citation

Alexiadis, S., & Tsagdis, D. (2010). Is cumulative growth in manufacturing productivity slowing down in the EU12 regions?. Cambridge Journal of Economics, 34(6), 1001-1017. doi:10.1093/cje/bep070

Journal Article Type Article
Online Publication Date Nov 10, 2009
Publication Date Nov 1, 2010
Deposit Date Nov 13, 2014
Journal Cambridge Journal Of Economics
Print ISSN 0309-166X
Electronic ISSN 1464-3545
Publisher Oxford University Press (OUP)
Peer Reviewed Peer Reviewed
Volume 34
Issue 6
Pages 1001-1017
DOI https://doi.org/10.1093/cje/bep070
Keywords EU regions, Manufacturing growth, Policy, Lock-ins, Spatial econometrics, O40, O52,
Public URL https://hull-repository.worktribe.com/output/465717