Regionale Produktionsfunktionen mit Spillover-Effekten für Deutschland - Empirischer Befund und wirtschaftspolitische Implikationen
Year: 2005
Author: Eckey, Hans-Friedrich, Kosfeld, Reinhold, Türck, Matthias
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 125 (2005), Iss. 2 : pp. 239–267
Abstract
This paper examines a translog production function for Gerrnany, which is based on endogenous growth theory. The spatial econometric estimation of this function shows that involved factors of production have a significant positive effect on the output. The knowledge spillovers are quite weak, especially in East Gerrnan regions. Because individuals do not internalize spillovers, a govemmental intervention could be founded. Marginal products of labor and human capital vary, so wage agreements should be more flexible. Some peripheral regions seem to be short of human capital because many high skilled workers move away from there. Allen's partial elasticities of substitution show indirect effects of investment promotion on employment and of some job creation programs on capital-labor ratio.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.125.2.239
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 125 (2005), Iss. 2 : pp. 239–267
Published online: 2005-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 29
Author Details
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