Services Sectors’ Concentration: the European Union and the New Economic Geography
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Astrid Krenz [1]
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[1] University of Goettingen, Germany
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- Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 13, Nº. 2, 2013, págs. 27-44
- Idioma: inglés
- Enlaces
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Resumen
The aim of this article is to investigate services sectors’ concentration based on employment data in the European Union and to disentangle the sector-specific developments and influential factors over time. We find that only the financial intermediation, retail trade and water transport sectors are subject to an increasing level of concentration over time. Implementing a two-way fixed effects model, we find that knowledge spillovers as well as externalities arising from technological similarities appear to be highly significant in explaining services’ concentration patterns for the European Union. Technological differences as a reason for services’ concentration only appear to have been important in the period prior to the Single European Market Enactment. Further evidence is found for the relevance of factor intensity in explaining concentration of non-market services.
