Abstract
Causal relations between knowledge-intensive business services and regional employment growth. Regional Studies. This paper studies the causal relations between regional employment growth in knowledge-intensive business services (KIBS) and overall regional employment growth using German labour-market data for 1999-2012. Adopting a recently developed technique, it uses a structural vector autoregressive model in which the causal directions between KIBS and other sectors are examined including various time lags. Results show that although regional growth has a negative short-term effect on KIBS, KIBS growth has a long-term positive effect on the whole regional economy. This confirms the claim that KIBS can play a key role in regional policies.
Original language | English |
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Pages (from-to) | 172-183 |
Number of pages | 12 |
Journal | Regional Studies |
Volume | 52 |
Issue number | 2 |
Early online date | 2017 |
DOIs | |
Publication status | Published - 2018 |
Keywords
- regional employment growth
- growth spillovers
- knowledge-intensive business services (KIBS)
- industrial dynamics
- financial geography
- INNOVATION
- SYSTEMS