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The potential impact of the fiscal transfers under the EU Cohesion Policy Programme

Jan in 't Veld - Directorate-General Economic and Financial Affairs, … - 2007

The European Union uses large-scale fiscal transfers to national and regional levels to foster economic and social cohesion. This paper gives an ex-ante model-based analysis of the potential macro-economic impact of these fiscal transfers between member states as planned under the Cohesion...

Persistent link: https://www.econbiz.de/10008577518

A model-based assessment of the macroeconomic impact of EU structural funds on the new Member States

Varga, Janos; Jan in 't Veld - Directorate-General Economic and Financial Affairs, … - 2009

This paper gives a model-based analysis of the potential macro-economic impact of European Union Structural and Cohesion Funds payments on the economies of the new Member States. The model used is a four-region DSGE model with human capital accumulation and endogenous technological change. The...

Persistent link: https://www.econbiz.de/10008516235

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

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

EU accession: A road to fast-track convergence?

Böwer, Uwe; Turrini, Alessandro - Directorate-General Economic and Financial Affairs, … - 2009

This paper investigates the accession-related economic boom in the countries which recently entered the European Union. The analysis tests whether, on top of the standard growth determinants, the period of EU accession made a significant difference to the growth performance of the New Member...

Persistent link: https://www.econbiz.de/10008459177

Euro Area Enlargement and Euro Adoption Strategies

Darvas, Zsolt; Szapáry, György - Directorate-General Economic and Financial Affairs, … - 2008

and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We … argue that the initial level of economic development as measured by per capita income and the speed of real convergence have …

Persistent link: https://www.econbiz.de/10008459222

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

The euro and prices: changeover-related inflation and price convergence in the euro area

Sturm, Jan-Egbert; Fritsche, Ulrich; Graff, Michael; … - Directorate-General Economic and Financial Affairs, … - 2009

part of the report focuses on inflation perceptions and a fourth section explores the cross-border convergence of prices … differentials have generally declined over time across European countries though there is no sizeable euro introduction convergence …

Persistent link: https://www.econbiz.de/10008516230

Structural features of economic integration in an enlarged Europe: patterns of catching-up and industrial specialisation

Landesmann, Michael A. - Directorate-General Economic and Financial Affairs, … - 2003

This paper discusses the evolution of competitiveness, industrial and trade specialisation in the manufacturing sector of the countries of Central and Eastern Europe (CEECs). It is shown that the paths taken by the different CEECs have been quite diverse and we attempt to apply a combination of...

Persistent link: https://www.econbiz.de/10008577478

A fresh look at business cycle synchronisation in the euro area

Gayer, Christian - Directorate-General Economic and Financial Affairs, … - 2007

This paper revisits the issue of business cycle synchronisation in the euro area looking back on more than eight years of EMU experience. The dispersion of output gaps across Member States has reached historically low levels since around 2002. Yet, this observation seems to reflect a general...

Persistent link: https://www.econbiz.de/10008577521