期刊名称:Dresden Discussion Paper Series in Economics / Dresden University of Technology, Faculty of Business Management and Economics
印刷版ISSN:0945-4829
出版年度:2009
卷号:1
出版社:Dresden
摘要:This paper analyses the impact of the regional age structure on growth of German regions. Based on a neoclassical
growth model an augmented Solow model was derived and estimated in a spatial econometric approach. Besides labor
and human capital, public spendings and urbanisation measures are controlled for. Adding the age structure of the
employed labor force, which we use as proxy for the age pattern of human capital, improves the regression model
significantly. Spatial autocorrelation is controlled for and supports OLS results. To get deeper insights in the
effectiveness of the age structure quantile regression techniques are applied to distinguish the effects between various
levels of growth rates. The results of the different estimation approaches provide evidence that the age structure matters
for growth.