FACTOR ACCUMULATION, EXTERNALITIES, AND ABSORPTIVE CAPACITY IN REGIONAL GROWTH: EVIDENCE FROM EUROPE
构建了一个包含资本积累和空间溢出的模型，并考虑区域吸收能力差异，利用欧盟区域数据估计，发现吸收能力对利用外部性至关重要，但资本深化不足以使落后地区赶上先进地区的人力资本投资回报。
ABSTRACT This paper proposes a model that incorporates capital accumulation and spatial spillovers across economies, while allowing for regional differences in absorptive capacity. This model is estimated using a sample of EU regions, over a period including the enlargement of the single‐market area in the middle of the first decade of the 21st century. Results confirm the relevance of local absorptive capacity that is directly linked with the process of making the most of externalities. Capital deepening reduced the role of capital in explaining the regional productivity gap, but was not enough to help lagging regions to equal the return to human capital investments reached by most advanced regions.