Application of keynesian theory and new economic geography in Portugal. Differences and similarities Report as inadecuate




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Abstract

With this work we try to analyse the agglomeration process in the Portuguese regions, using the New Economic Geography models. In these models the base idea is that where has increasing returns to scale in the manufactured industry and low transport costs, there is agglomeration. This work aims to test, also, the Verdoorn Law, with the alternative specifications of 1Kaldor 1966, for the 28 NUTS III Portuguese in the period 1995 to 1999. It is intended to test, yet in this work, the alternative interpretation of 2Rowthorn 1975 about the Verdoorn-s Law for the same regions and periods. With this study we want, also, to test the Verdoorns Law at a regional and a sectoral levels NUTs II for the period 1995-1999. The importance of some additional variables in the original specification of Verdoorns Law is yet tested, such as, trade flows, capital accumulation and labour concentration. This study analyses, also, through cross-section estimation methods, the influence of spatial effects in productivity in the NUTs III economic sectors of mainland Portugal from 1995 to 1999, considering the Verdoorn relationship.



Item Type: MPRA Paper -

Original Title: Application of keynesian theory and new economic geography in Portugal. Differences and similarities-

English Title: Application of keynesian theory and new economic geography in Portugal. Differences and similarities-

Language: English-

Keywords: new economic geography; Verdoorn law; spatial autocorrelation; Portuguese regions-

Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; InfrastructureC - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal ModelsC - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile RegressionsR - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes-





Author: Martinho, Vítor João Pereira Domingues

Source: https://mpra.ub.uni-muenchen.de/32911/







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