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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/18272

Title: Returns to scale and curvature in the presence of spillovers: evidence from European countries
Authors: Glass, Anthony J.
Kenjegalieva, Karligash
Sickles, Robin C.
Issue Date: 2015
Publisher: Oxford University Press
Citation: GLASS, A.J., KENJEGALIEVA, K. and SICKLES, R.C., 2015. Returns to scale and curvature in the presence of spillovers: evidence from European countries. Oxford Economic Papers, 68 (1), pp.16-39.
Abstract: Drawing on a recent development on the interpretation of spatial econometric models we extend two classic characteristics of production (returns to scale and diminishing marginal productivity of factor inputs) to the spatial case. In the context of a spatial translog production function we deÖne internal (i.e. direct), external (i.e. indirect) and total (direct plus indirect) returns to scale. The spatial production function gives rise to direct, indirect and total productions functions so we set out empirical checks to establish if these functions are concave. The ideas of spatial returns to scale and spatial concavity/convexity can easily be applied to other technologies (e.g. cost and distance functions) and other functional forms (e.g. Cobb-Douglas). We apply these ideas to aggregate production of European countries using balanced panel data for the period 1990 2011.
Description: Closed access until 27th Aug 2017.
Version: Accepted for publication
DOI: 10.1093/oep/gpv058
URI: https://dspace.lboro.ac.uk/2134/18272
Publisher Link: http://dx.doi.org/10.1093/oep/gpv058
ISSN: 0030-7653
Appears in Collections:Closed Access (Business School)

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