scholarly journals Journey into the Unknown? Economic Consequences of Factor Market Integration Under Increasing Returns to Scale

2011 ◽  
Author(s):  
Andreas Schäfer ◽  
Thomas Michael Steger
Keyword(s):  
Market Integration ◽  
Returns To Scale ◽  
Economic Consequences ◽  
Increasing Returns ◽  
Increasing Returns To Scale

scholarly journals Returns to Scale for EU Regions – evidence from the spatial panel model

2017 ◽  
Vol 3 (329) ◽  
Author(s):  
Alicja Anna Olejnik
Keyword(s):  
Fixed Effects ◽  
Regional Growth ◽  
Returns To Scale ◽  
Increasing Returns ◽  
Increasing Returns To Scale ◽  
Spatial Panel ◽  
Panel Model ◽  
Eu Regions ◽  
Spatial Panel Model ◽  
The Eu

Recent findings emphasise the importance of localised returns to scale for the regional growth as well as for the agglomeration processes. However, it is still not well established whether returns to scale are constant or increasing, and to what extent. Therefore, in this study we apply specification which describes the productivity growth with the growth of output through the Verdoorn’s law. This study aims to provide some new estimates of the degree of returns to scale for EU regions. Our findings show that the hypothesis of increasing returns to scale is still valid in today’s EU economy. To test the hypothesis, we have employed the Multidimensional Spatial Panel Durbin Model with Spatial Fixed Effects. The research is conducted for 261 regions of the EU 28. The paper concludes that increasing returns to scale in EU regions are substantial.

Network Effects

2010 ◽  
pp. 1007-1013
Author(s):  
Erik den Hartigh
Keyword(s):  
Network Effects ◽  
Returns To Scale ◽  
Increasing Returns ◽  
Increasing Returns To Scale ◽  
The Subject

From the 1980s, network effects attracted a lot of interest in economics and management sciences. This was mainly due to the work of Arthur (e.g., 1988, 1989, 1990). While the subject of increasing returns to scale in companies had a long tradition in economics, network effects (i.e., increasing returns in markets) had hardly been addressed.

Increasing returns to scale in the towns of early Tudor England

2020 ◽  
Vol 53 (3) ◽  
pp. 147-165
Author(s):  
Rudolf Cesaretti ◽  
José Lobo ◽  
Luis M. A. Bettencourt ◽  
Michael E. Smith
Keyword(s):  
Returns To Scale ◽  
Increasing Returns ◽  
Increasing Returns To Scale ◽  
Tudor England
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