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• W2147241832 abstract "This paper analyses the relative distribution of gross fixed capital formation across industrial sectors in EU-regions, i.e. the level of relative regional investment specialisation, for the period between 1985 and 1994. Controlling for heteroscedasticity, potential endogeneity as well as spatial dependence, we get consistent econometric results. Larger market and regional sizes diminish relative investment specialisation while a higher unemployment rate, population density, the fact of being a central region, the distance to the economic centre, and economic liberalisation increase its level. The variation of the specialisation level of one region over time, however, cannot be explained econometrically, it thus might underlie random disturbances." @default.
• W2147241832 created "2016-06-24" @default.
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• W2147241832 date "2002-01-01" @default.
• W2147241832 modified "2023-09-24" @default.
• W2147241832 title "Relative investment specialisation inside EU: An econometric analysis for EU-Regions" @default.
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