The Innovation FactorAn Econometric Model of Productivity European Regions

  1. Elvira Vieira 1
  2. Emilia Vázquez-Rozas 2
  3. Isabel Neira 2
  1. 1 Instituto Português de Administração de Marketing. IPAM
  2. 2 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

Zeitschrift:
Estudios Economicos Regionales y Sectoriales : EERS: Regional and sectoral economic studies : RSES

ISSN: 1578-4460

Datum der Publikation: 2008

Ausgabe: 8

Nummer: 1

Seiten: 59-70

Art: Artikel

Andere Publikationen in: Estudios Economicos Regionales y Sectoriales : EERS: Regional and sectoral economic studies : RSES

Zusammenfassung

This paper emphasizes the importance of the innovation input in the productive process, as a way to maximize the capacity and effectiveness of the labour factor and its productivity. This work describes some of the factors that are enunciated and that condition the existence of good levels of productivity of the factor work, enhancing with special attention the narrow relation between innovation and productivity. In this direction we proceed to the specification of an econometric model, inspired by the Solow Growth Model, with the clear objective of placing in evidence the importance of the technological progress and the growth of productivity in 108 NUTS II regions of the European Union, using for such the expense in Research and Development, as a reference measure.