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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

"What Does Norway Get Out Of Its Oil Fund, if Not More Strategic Infrastructure Investment?"

Hudson, Michael - Levy Economics Institute - 2011

For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts—which are in foreign currency—in the "oil fund," to invest mainly in European and US...

Persistent link: https://www.econbiz.de/10008861893

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

"The Rise and Fall of Export-led Growth"

Palley, Thomas I. - Levy Economics Institute - 2011

This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

Persistent link: https://www.econbiz.de/10009225953

"Exploring the Philippine Economic Landscape and Structural Change Using the Input-Output Framework"

Magtibay-Ramos, Nedelyn; Estrada, Gemma; Felipe, Jesus - Levy Economics Institute - 2010

This paper explores the degree of structural change of the Philippine economy using the input-output framework. It examines how linkages among economic sectors evolved over 1979–2000, and identifies which economic sectors exhibited the highest intersectoral linkages. We find that manufacturing...

Persistent link: https://www.econbiz.de/10008693146

"Disaggregating the Resource Curse: Is the Curse More Difficult to Dispel in Oil States than in Mineral States?"

Azarchs, Timothy; Khitarishvili, Tamar - Levy Economics Institute - 2010

The hypothesis of the natural resource curse has captivated the economics profession, and since the mid-1990s has generated a large body of policymaking initiatives aimed at dispelling the curse. In this paper, we evaluate how the effect of resource abundance on economic growth has changed since...

Persistent link: https://www.econbiz.de/10008753335

"Asia and the Global Crisis: Recovery Prospects and the Future"

Felipe, Jesus - Levy Economics Institute - 2010

The global crisis of 2007–09 affected developing Asia largely through a decline in exports to the developed countries and a slowdown in remittances. This happened very quickly, and by 2009 there were already signs of recovery (except on the employment front). This recovery was led by China’s...

Persistent link: https://www.econbiz.de/10008643916

"Minsky Crisis"

Wray, L. Randall - Levy Economics Institute - 2011

Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...

Persistent link: https://www.econbiz.de/10008868036

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