Estimating Verdoorn law for Italian firms and regions

被引：10

作者：

Fazio G. ^{[1
,2
]}

Maltese E. ^{[1
,3
]}

Piacentino D. ^{[4
]}

机构：

[1] DSEAF, Università degli Studi di Palermo, 90128 Palermo, Viale delle Scienze

[2] University of Glasgow, Glasgow, G128RT, Adam Smith Building

[3] Facoltà di Economia, Università degli Studi di Palermo, 90128 Palermo, Viale delle Scienze

[4] DSMRE, Università degli Studi di Napoli Parthenope, 80133 Naples

来源：

Letters in Spatial and Resource Sciences | 2013年 / 6卷 / 1期

关键词：

Italian firms; Multilevel models; Returns to scale; Verdoorn law;

D O I：

10.1007/s12076-012-0085-0

中图分类号：

学科分类号：

摘要：

In empirical regional economics, returns to scale are typically estimated at the regional level in search for evidence on alternative theories of growth and agglomeration. However, returns to scale may also have a firm-level dimension. In this paper, we exploit micro level data and estimate the dynamic Verdoorn law in a multilevel-setting, where returns to scale are obtained simultaneously for the micro and the regional level. Using Italian firm-level data and the NUTS-3 level of aggregation, we estimate the classic and augmented versions of Verdoorn law for the manufacturing sector, and the rest of the economy for comparison. Our results show that increasing returns to scale co-exist at both levels, with some degree of regional heterogeneity across the Italian peninsula. © 2012 Springer-Verlag.

引用

页码：45 / 54

页数：9

共 24 条

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