haku: @journal_id 109 / yhteensä: 867
viite: 303 / 867
| Tekijä: | Fingleton, B. McCombie, J. S. L. |
| Otsikko: | Increasing returns and economic growth: Some evidence for manufacturing from the European Union regions |
| Lehti: | Oxford Economic Papers
1998 : JAN, VOL. 50:1, p. 89-105 |
| Asiasana: | RETURN ON INVESTMENT ECONOMIC GROWTH MANUFACTURING EUROPEAN UNION |
| Kieli: | eng |
| Tiivistelmä: | This study shows that the preferred specification of the Verdoorn law exhibits strong increasing returns to scale and that there is a significant, but weak, diffusion of innovation effect. The results of the convergence analysis suggest a very rapid convergence and the question arises as to how this is to be reconciled with the findings above of substantial increasing returns and a weak effect of the diffusion of technology. The difficulty is that the hypotheses to be tested are not nested and derived from different underlying assumptions. There is a problem of equifinality, with different models producing the same results. |
SCIMA