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Strategic Interaction in Local Fiscal Policy: Evidence from Portuguese Municipalities

Silva, Hélia; Veiga, Linda Gonçalves; Portela, Miguel - Núcleo de Investigação em Políticas Económicas … - 2011

This paper aims at testing the degree of interaction between Portuguese municipalities’ expenditure levels by estimating a dynamic panel model, based on jurisdictional reaction functions. The analysis is performed for all 278 Portuguese mainland municipalities from 1986 to 2006, using...

Persistent link: https://www.econbiz.de/10009210961

Is infrastructure capital productive? A dynamic heterogeneous approach

Calderón, César; Moral-Benito, Enrique; Servén, Luis - Banco de España - 2011

This paper offers an evaluation of the output contribution of infrastructure. Drawing from a large data set of infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach, the paper estimates a long-run aggregate production function...

Persistent link: https://www.econbiz.de/10008876081

Elasticities of Regional and Local Administrations Expenditures - the Portuguese case

Mourão, Paulo Reis - Núcleo de Investigação em Políticas Económicas … - 2005

This work analyses the evolution of real public expenditures of local and regional administrations (LRA), in Portugsl, in the period after the Second World War. It also aims to estimate the elasticities associated to determinants, which explain the found growth. As most relevant results, it is...

Persistent link: https://www.econbiz.de/10005572449

Asymmetry of Shocks and Convergence in Selected Asean Countries: A Dynamic Analysis

Cortinhas, Carlos - Núcleo de Investigação em Políticas Económicas … - 2006

degree of convergence could be identified over time, distinguishing between a country’s convergence with a regional partner … and a more general trend of convergence with the rest of the world. The results showed that in the majority of cases there … has been an increase in the degree of convergence of demand shocks in recent years. More importantly, it also showed an …

Persistent link: https://www.econbiz.de/10005771626

Equilibrium exchange rates in the new EU members: external imbalances vs. real convergence

Alberola, Enrique; Navia, Daniel - Banco de España - 2007

central in boosting potential output and productivity convergence in these economies. In this paper, we aim at achieving some …

Persistent link: https://www.econbiz.de/10005088304

Neighborhood effects in economic growth

Vilarrubia, Josep M. - Banco de España - 2006

One of the most striking features of the world economy is that wealthy countries are clustered together. This paper theoretically and empirically explains a mechanism for this clustering by extending the Acemoglu and Ventura model so that it takes real geography into account. Countries close to...

Persistent link: https://www.econbiz.de/10005155256

The importance of being mature: the effect of demographic maturation on global per-capita income

Gómez, Rafael; Cos, Pablo Hernández de - Banco de España - 2006

variation can account for a large portion of differences in per capita income and the lack of sigma convergence observed in …

Persistent link: https://www.econbiz.de/10005155312

Demographic Maturity and Economic Performance: The Effect of Demographic Transitions on Per Capita GDP Growth

Gómez, Rafael; Cos, Pablo Hernández de - Banco de España - 2003

This paper estimates the response of per capita GDP growth to changes in the proportion of mature workers across countries. We define and estimate the effect of demographic maturity in two ways. First, a growing cohort of working age persons (15-64) is found to have a large positive effect on...

Persistent link: https://www.econbiz.de/10004980988

The importance of the regional development on the location of professional soccer teams. The Portuguese case 1970-1999

Mourão, Paulo Reis - Núcleo de Investigação em Políticas Económicas … - 2006

This work aims at testing the hypothesis “The economic development level of a region influences the presence of professional soccer teams in the country’s first league, which have their head offices in that region”. Using a rational choice model and working with binary time-series...

Persistent link: https://www.econbiz.de/10005704689

UEFA Euro 2004 Visitors Analysis

Ribeiro, José Cadima; Viseu, José; Rodrigues, Cristina; … - Núcleo de Investigação em Políticas Económicas … - 2004

The purpose of this paper is to establish the profile of the foreign visitor that attended the UEFA Euro 2004 Championship in Portugal, namely in the Minho region. Data were collected through a one-to-one inquiry carried out before the matches that took place in Braga e Guimarães. The survey...

Persistent link: https://www.econbiz.de/10005704691