The Impact of Human Capital on Regional Labor Productivity in Europe

14 Pages Posted: 24 Nov 2008

See all articles by Manfred M. Fischer

Manfred M. Fischer

Vienna University of Economics and Business - Institute for Economic Geography and GIScience, Department of Socioeconomics

Monika Bartkowska

Vienna University of Economics and Business - Institute of Economic Geography and GIScience

Aleksandra Riedl

Vienna University of Economics and BA - Institute for Economic Geography and GIScience

Sascha Sardadvar

Vienna University of Economics and Business - Department of Social Sciences

Andrea Kunnert

Vienna University of Economics and Business - Department of Social Sciences

Date Written: November 20, 2008

Abstract

This paper employs a spatial Durbin model for analyzing the impact of human capital on regional productivity using for 198 NUTS-2 European regions for the sample period from 1995 to 2004. The study provides evidence for the existence of spatial externalities and interactions of the sort as emphasized by new growth theory. To interpret results meaningfully, we calculate summary measures that account for the simultaneous feedback nature of the underlying model. By sampling from the parameter distribution we present measures of dispersion, revealing that it is relative regional advantages in human capital that matter most for productivity growth.

Keywords: spatial Durbin model, regional productivity, economic growth, human capital, spatial externalities, European regions

JEL Classification: O47, O52, R11

Suggested Citation

Fischer, Manfred M. and Bartkowska, Monika and Riedl, Aleksandra and Sardadvar, Sascha and Kunnert, Andrea, The Impact of Human Capital on Regional Labor Productivity in Europe (November 20, 2008). Available at SSRN: https://ssrn.com/abstract=1304654 or http://dx.doi.org/10.2139/ssrn.1304654

Manfred M. Fischer (Contact Author)

Vienna University of Economics and Business - Institute for Economic Geography and GIScience, Department of Socioeconomics ( email )

Welthandelsplatz 1, D4
Vienna, 1020
Austria

Monika Bartkowska

Vienna University of Economics and Business - Institute of Economic Geography and GIScience ( email )

Nordbergstrasse 15
Vienna A-1090
Austria

Aleksandra Riedl

Vienna University of Economics and BA - Institute for Economic Geography and GIScience ( email )

Nordbergstra├če 15
A-1090 Wien
Austria

Sascha Sardadvar

Vienna University of Economics and Business - Department of Social Sciences ( email )

Augasse 2-6
Wien, A-1090
Austria

Andrea Kunnert

Vienna University of Economics and Business - Department of Social Sciences ( email )

Augasse 2-6
Wien, A-1090
Austria

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