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Transformación económica desde la óptica fiscal. ¿Puede existir un equilibrio entre el corto, mediano y largo plazo para fomentar el desarrollo?

Valdivia, Daney; Loayza, Lilian - Volkswirtschaftliche Fakultät, … - 2012

This paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing...

Persistent link: https://www.econbiz.de/10011258610

HALF LIFE OR HALF CONVERGENCE? ENDOGENOUS IDENTIFICATION OF REGIONAL CLUBS ACROSS EUROPE 1980-2002

Battisti, Michele; Vaio, Granfranco Di - Dipartimento di Economia e Finanza (DEF), Libera …

Assessing regional growth and convergence across Europe is a matter of primary importance, either in light of the … structural heterogeneities and spatial effects could fail to detect club convergence phenomena. In this paper, we adopt a … spatially filtered mixture regression approach that endogenously identifies regional clubs of beta-convergence, in order to …

Persistent link: https://www.econbiz.de/10005756561

U.S. Regional Population Growth 2000-2010: Natural Amenities or Urban Agglomeration?

Rickman, Dan S.; Wang, Hongbo - Volkswirtschaftliche Fakultät, … - 2015

Using a spatial hedonic growth model, this paper empirically examines the relative roles of natural amenities and urban agglomeration economies as determinants of U.S. regional growth patterns from 2000 to 2010. Natural amenities and urban agglomeration are measured using the USDA Economic...

Persistent link: https://www.econbiz.de/10011112539

Institutions and geography: Empirical test of spatial growth models for European regions

Arbia, Giuseppe; Battisti, Michele; Di Vaio, Gianfranco - Dipartimento di Economia e Finanza (DEF), Libera … - 2009

the regional output per worker and raises the speed of convergence. By contrast, the pure geographical metrics is … underperforming, while underestimating the convergence dynamics. …

Persistent link: https://www.econbiz.de/10008855341

Regional convergence and the causal impact of migration on regional growth rates

Kirdar, Murat; Saracoglu, Sirin - Volkswirtschaftliche Fakultät, … - 2007

convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the …

Persistent link: https://www.econbiz.de/10005619903

Migration and Regional Convergence: An Empirical Investigation for Turkey

Kirdar, Murat; Saracoglu, Sirin - Volkswirtschaftliche Fakultät, … - 2007

convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the …

Persistent link: https://www.econbiz.de/10005621477

Lake Amenities, Environmental Degradation, and Great Lakes Regional Growth

Stephens, Heather; Partridge, Mark - Volkswirtschaftliche Fakultät, … - 2012

Regional migration and growth are increasingly associated with high-quality in situ natural amenities. However, most of the previous U.S. research has focused on the natural amenities of the Mountain West or the South. The Great Lakes, with their abundant fresh water and natural amenities, would...

Persistent link: https://www.econbiz.de/10011109109

International spillovers from U.S. fiscal policy shocks

Nicar, Stephen - Volkswirtschaftliche Fakultät, … - 2014

I estimate the effect of U.S. government spending and tax shocks on Canada, Japan, and the U.K. for the period 1974 through 2007. Spending and tax shocks are identified using sign restrictions on the impulse responses from a vector autoregression (VAR). I find that while spillover effects of...

Persistent link: https://www.econbiz.de/10011211857

The Effects of Fiscal Policy on Consumption in Good and Bad Times

Hristov, Atanas - Volkswirtschaftliche Fakultät, … - 2013

I examine the effects of fiscal policy actions on private consumption in a yearly panel of sixteen OECD countries conditional on the phase of the business cycle and the state of the public finances. I demonstrate that binding liquidity constraints on households can alter the efficacy of the...

Persistent link: https://www.econbiz.de/10011258709

Escaping a Liquidity Trap: Keynes’ Prescription Is Right But His Reasoning Is Wrong

Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2013

Keynes’ original intention in introducing the concept of a liquidity trap was to explain the reason why persistent large amounts of unutilized resources were generated during the Great Depression. This paper shows that this type of phenomenon cannot be explained in the framework of a...

Persistent link: https://www.econbiz.de/10011258943