Spatial effects in the productivity convergence of Spanish industrial SME's

This paper analyses the spatial effects influence on the convergence process in Spanish industrial SME's productivity. In order to do this: 1. We use an absolute convergence model considering the technological intensity of each sector; 2. From a statistical point of view, we determine the exist...

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Published inRevista española de financiación y contabilidad Vol. 38; no. 141; pp. 13 - 36
Main Authors Val, MariLuz Maté Sánchez, de Lema, Domingo García Pérez, Hernández, Fernando A. López
Format Journal Article
LanguageEnglish
Published Routledge 01.01.2009
Subjects
Club de Convergencia
Convergence Club
Industria
Industry
Productividad
Productivity
Pyme
SME
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Summary:This paper analyses the spatial effects influence on the convergence process in Spanish industrial SME's productivity. In order to do this: 1. We use an absolute convergence model considering the technological intensity of each sector; 2. From a statistical point of view, we determine the existence and composition of convergence clubs in productivity levels; 3. Finally, we test if the convergence clubs are affecting to the convergence process. To do this, we use accounting information with a microdata source composed by 35.042 firms over the period 1996-2004. The results show that there is a regional convergence process in firms belonging to high and low technological intensity. Moreover, in high technology sector there is not a spatial structure while this structure is evident in low technology sector. In this last case the spatial structure is influencing on the convergence process.
ISSN:0210-2412
2332-0753
DOI:10.1080/02102412.2009.10779660