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The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU average. Under the Objective 1 scheme, NUTS2 regions with a GDP per capita level below 75% of the EU average qualify for structural funds transfers from the central EU budget....
Persistent link: https://www.econbiz.de/10005766292
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10005144476
Spatial effects are endemic in models based on spatially referenced data. The increased awareness of the relevance of spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics. Spatial econometrics focuses on the specification and...
Persistent link: https://www.econbiz.de/10005137153
We design a conceptual framework for linking two approaches: the literature on absorptive capacity and the literature on spatial knowledge spillovers. Regions produce new knowledge, but only part of it is efficiently adopted in the economy; the share of efficiently adopted technology depends on...
Persistent link: https://www.econbiz.de/10005137198
Gravity models of international trade have been frequently applied to estimate the impact of common (official or spoken) language on bilateral trade. This study provides a meta-analysis based on 701 language effects collected from 81 academic articles. On average, a common (official or spoken)...
Persistent link: https://www.econbiz.de/10009399661
The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …
Persistent link: https://www.econbiz.de/10005144527
Desde el año 2004 el Ministerio de Hacienda publica anualmente el Marco Fiscal de Mediano Plazo (MFMP) en el cual se presentan las proyecciones oficiales sobre ingresos y gastos del gobierno central para los siguientes diez años. Como es de esperar, dichas proyecciones están sujetas a altos...
Persistent link: https://www.econbiz.de/10010945749
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10008596594
La prestación de los servicios de infraestructura en zonas aisladas y marginadas es un desafío importante en cualquier país ya que la alta dispersión de la población eleva los costos de prestación, y la baja capacidad de pago dificulta su financiamiento. En Colombia, estas dificultades se...
Persistent link: https://www.econbiz.de/10005769558
"El propósito de este documento es, precisamente, elaborar dicho diagnóstico y formular una serie de reomendaciones para logar el fortalecimiento de las instituciones encargadas de la regulación y la supervisión de las empresas proveedoras de servicios públicos en Colombia. Este...
Persistent link: https://www.econbiz.de/10005769562