Productivity puzzle in European regions: A Kaldor–Verdoorn approach.
The objective of this study is to examine the productivity puzzle in Europe by employing the augmented Kaldor–Verdoorn law. The analysis is conducted using a panel of 277 European NUTS2 regions, encompassing twenty-seven EU countries, during the period from 1980 to 2017. The Kaldor–Verdoorn law is a...
| Publicado en: | Cambridge Journal of Economics Vol. 50; no. 3; pp. 543 - 579 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Oxford University Press / USA
May2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=194186927&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 194186927 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0309166X CEC jtl: Cambridge Journal of Economics issn: 0309166X maglogo: N pubinfo: dt: May2026 vid: 50 iid: 3 pid: 622 pub: Oxford University Press / USA artinfo: ui: 194186927 10.1093/cje/beag007 ppf: 543 ppct: 36 formats: tig: atl: Productivity puzzle in European regions: A Kaldor–Verdoorn approach. aug: au: Barbieri Góes, Maria Cristina Deleidi, Matteo Lagravinese, Raffaele affil: University of Eastern Piedmont, Novara, Italy University of Bari 'Aldo Moro', Bari, Italy su: Europe European Union Regional disparities Technological progress Economic expansion Labor productivity Euro Eurozone sug: subj: Regional disparities Technological progress Economic expansion Labor productivity Europe European Union Euro Eurozone keyword: copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 EU regions inLanguage:en investment P-SVAR productivity publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/cje/beag007 copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 EU regions inLanguage:en investment P-SVAR productivity publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/cje/beag007 ab: The objective of this study is to examine the productivity puzzle in Europe by employing the augmented Kaldor–Verdoorn law. The analysis is conducted using a panel of 277 European NUTS2 regions, encompassing twenty-seven EU countries, during the period from 1980 to 2017. The Kaldor–Verdoorn law is a well-researched empirical pattern that connects demand growth to productivity growth. It suggests that an increase in productivity is driven by an increase in demand. Recent studies have expanded on the traditional Kaldor–Verdoorn law by incorporating the Kaldorian technical progress function. This addition suggests that productivity is also influenced by investments, as technical progress is embedded in newly installed capital goods. The findings of this research reveal regional disparities in both the Verdoorn effect and the capital accumulation effect across European regions. Furthermore, the analysis tests the Kaldor–Verdoorn law across regions divided into quartiles based on productivity growth levels. The results highlight a non-linearity in the Kaldor–Verdoorn coefficients based on the regions' productivity growth rates. Moreover, notable variations exist between economic sectors and among regions with and without the euro currency. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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