Giannakis Elias, Mamuneas Theofanis P
Energy Environment and Water Research Center, The Cyprus Institute, 20 Konstantinou Kavafi Street, 2121 Nicosia, Cyprus.
Department of Economics, University of Cyprus, P.O. Box 20537, 1678 Nicosia, Cyprus.
Ann Reg Sci. 2022;68(3):691-712. doi: 10.1007/s00168-021-01100-y. Epub 2022 Jan 30.
This paper conceptualizes and empirically explores the resilience of European Union regional labour markets in terms of labour productivity growth. We assess the effect of pre-crisis region-specific factors on regional labour markets resilience controlling for the effect of exogenous technological change and substitution between capital and labour. Regional input-output models are developed to estimate supplies and sales linkages across the European Union NUTS-2 regional economies. Spatial Durbin Error Model estimates suggest that regional labour markets characterised by a higher level of economic pull capabilities of the Construction sector and a higher level of industrial concentration can better withstand the effects of the negative shock and recover faster. Place-based policies building on regions' competitive strengths can smooth out the negative effect of the economic shock and accelerate the recovery of regional labour markets, while policy interventions promoting capital investment can further enhance labour productivity in European Union regions.
本文从劳动生产率增长的角度对欧盟区域劳动力市场的弹性进行了概念化和实证研究。我们评估了危机前特定区域因素对区域劳动力市场弹性的影响，同时控制了外生技术变革以及资本与劳动力替代的影响。我们开发了区域投入产出模型，以估计欧盟NUTS-2区域经济体之间的供应和销售联系。空间杜宾误差模型估计表明，以建筑业较高的经济拉动能力水平和较高的产业集中度为特征的区域劳动力市场能够更好地抵御负面冲击的影响，并更快地复苏。基于区域竞争优势的地方政策可以消除经济冲击的负面影响，加速区域劳动力市场的复苏，而促进资本投资的政策干预可以进一步提高欧盟各区域的劳动生产率。
