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open-access-imgOpen AccessInstitutions and the productivity challenge for European regions
Andrés Rodríguez-Pose,
Roberto Ganau
Publication year2021
Publication title
journal of economic geography
Resource typeJournals
PublisherOxford University Press
Europe has witnessed a considerable labour productivity slowdown in recent decades. Many potential explanations have been proposed to address this productivity ‘puzzle’. However, how the quality of local institutions influences labour productivity has been overlooked by the literature. This article addresses this gap by evaluating how institutional quality affects labour productivity growth and, particularly, its determinants at the regional level during the period 2003–2015. The results indicate that institutional quality influences regions’ labour productivity growth both directly—as improvements in institutional quality drive productivity growth—and indirectly—as the short- and long-run returns of human capital and innovation on labour productivity growth are affected by regional variations in institutional quality.
Subject(s)archaeology , capital (architecture) , economic geography , economic growth , economics , epistemology , geography , human capital , labour economics , philosophy , productivity , quality (philosophy) , slowdown
SCImago Journal Rank2.518

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