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What can the EMU's peripheral countries learn from regional growth?
Aiginger, Karl; Firgo, Matthias; Huber, Peter - 2013
The experiences of 259 regions in 21 European countries with within country GDP per capita and labour productivity growth suggest that variables associated with pro-active, growth oriented strategies are consistently more important predictors of successful regional development than variables...
Persistent link: https://www.econbiz.de/10010424528
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On the relationship between economic integration, business environment and real convergence : the experience of the CEE countries
Głodowska, Agnieszka - In: Economies : open access journal 7 (2019) 2/54, pp. 1-19
The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries … economic integration and convergence as well as business environment and growth. The study methods applied in in the article …10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration …
Persistent link: https://www.econbiz.de/10012021613
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The convergent evolution of Romania's Gross Domestic Product in relation to the average macro-economic result of the European Union countries
Necula, Raluca; Stoian, Mirela; Drăghici, Manea - In: Amfiteatru economic : an economic and business research … 18 (2016) 43, pp. 575-591
the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps … are calculated, using linear and quadratic functions, the Gross Domestic Product GDP trends, and, with the convergence …
Persistent link: https://www.econbiz.de/10011841832
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Monetary and Fiscal Policy Interactions in an Emerging Open Economy: a Non-Ricardian DSGE Approach
Algozhina, Aliya - 2012
The monetary and fiscal policy interactions have gained a new research interest after the 2008 crisis due to the global increase of fiscal debt. This paper constructs a macroeconomic model of joint fiscal and monetary policy for an emerging open economy taking into account its structural...
Persistent link: https://www.econbiz.de/10011345503
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The effects of government spending in a small open economy within a monetary union
Clancy, Daragh; Jacquinot, Pascal; Lozej, Matija - 2014
Small open economies within a monetary union have a limited range of stabilisation tools, as area-wide nominal interest and exchange rates do not respond to country-specific shocks. Such limitations imply that imbalances can be difficult to resolve. We assess the role that government spending...
Persistent link: https://www.econbiz.de/10011605772
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Productive government expenditure and economic growth
Irmen, Andreas; Kuehnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10010264372
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The impact of fiscal policy on profits
Katsimi, Margarita; Sarantides, Vassilis - 2009
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/10010274386
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Public debt consolidation and its distributional effects
Varthalitis, Petros; Sakkas, Stelios - 2019
We build a dynamic general equilibrium model with heterogeneous households, namely Rich and Poor, and capital skill complementarity structure in the production function, to study aggregate and distributional implications of fiscal consolidation policies when the government uses a rich set of...
Persistent link: https://www.econbiz.de/10012389602
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Do fiscal rules reduce public investment? Evidence from European regions
Mühlenweg, Leonard; Gerling, Lena - 2023
This paper analyses the impact of fiscal rules on different public spending categories, namely public expenditure and investment, at the subnational level in Europe. Building on the notion of the deficit bias, we suspect that in the presence of fiscal rules, politicians have an incentive to...
Persistent link: https://www.econbiz.de/10014317119
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Reviving fiscal policy in Europe: towards an implementation of the golden rule of public investment
Truger, Achim - In: European Journal of Economics and Economic Policies: … 13 (2016) 1, pp. 57-71
The implementation of a golden rule of public investment as a necessary institutional reform and an important step aimed at overcoming the constraints imposed by the new European Economic Governance are proposed. The rule is widely accepted in traditional public finance and can deliver both...
Persistent link: https://www.econbiz.de/10014363254