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Public Capital, Public Pension, and Growth

Maebayashi, Noritaka - Graduate School of Economics, Osaka University - 2010

This paper constructs an endogenous growth model with overlapping generations, whose engine of economic growth is productive public capital. The government faces a trade-off in public policy between public investment and social security provision because of its budget constraint. Larger public...

Persistent link: https://www.econbiz.de/10008623451

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

Welfare Effects of Access to Water Service in Cambodia

Horn, Theara - Graduate School of Economics, Osaka University - 2011

From data collected by questionnaire survey of three communes in the Kandal province of Cambodia, where public water supply remains inaccessible, this study estimates the demand function for drinking water and finds that the price elasticity is between -0.26 and -0.29. Based on this, and given...

Persistent link: https://www.econbiz.de/10008854386

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

Population Growth and Local Home Environment Externality in an Endogenous Growth Model with Two Engines of Growth

Kuwahara, Shirou; Yamada, Katsunori - Graduate School of Economics, Osaka University - 2007

This paper presents an endogenous growth model with population growth and an inter-generational spillover of human capital: we consider the ``local home environment externality conceptualized by Galor and Tsiddon (1997a). The model will generate a negative relationship between the population...

Persistent link: https://www.econbiz.de/10005710072

Credit Crunch in East Asia: A Retrospective

Enya, Masahiro; Kohsaka, Akira; Pobre, Mervin - Graduate School of Economics, Osaka University - 2004

In this paper, we explore the issue on credit crunch from a comparative perspective. Utilizing longer time series data, we investigate the existence of credit crunch in selected crisis-hit economies in East Asia over the period 1980-2002. We detected some episodes of credit crunch both before...

Persistent link: https://www.econbiz.de/10005710077

Organizational Dynamics

Ishiguro, Shingo - Graduate School of Economics, Osaka University - 2007

This paper provides a dynamic general equilibrium framework to investigate how organizations change the modes to govern transactions over time. We show that the agency problem becomes less serious when the economy is developed well so that large market size favors decentralized organizations...

Persistent link: https://www.econbiz.de/10005828384

The End of Import-Led Growth? North Korean Evidence

Sato, Sumie; Fukushige, Mototsugu - Graduate School of Economics, Osaka University - 2007

In this paper, we investigate causal relationships among exports, imports, and economic growth in North Korea by using time series data for the period between 1964 and 2004. The empirical results show that there was Granger causality from imports to GNP in the first half of the period. However,...

Persistent link: https://www.econbiz.de/10005773269

What decreases the TFP ? The aging labor and ICT imbalance

Miyakoshi, Tatsuyoshi; Ilmakunnas, Pekka - Graduate School of Economics, Osaka University - 2009

The purpose of this paper is to investigate what decreases TFP, why TFP has decreased in some countries and how large the decreases of TFP are. We focus on the quality of labor and capital inputs and use cross country data for the manufacturing industries of some OECD countries. We provide a...

Persistent link: https://www.econbiz.de/10005773275