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Decentralization, social capital and regional convergence

Mauro, Luciano; Pigliaru, Francesco - 2013

By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...

Persistent link: https://www.econbiz.de/10009757366

Technological diffusion, spatial spillovers and regional convergence in Europe

Paci, Raffaele; Pigliaru, Francesco - 2001

convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …

Persistent link: https://www.econbiz.de/10011608798

How Binding is Low Social Capital for Economic Growth? - Further Lessons from the Italian Regional Divide

Pigliaru, Francesco - 2012

decentralization, causing a sudden halt of a twenty-year strong process of regional convergence …

Persistent link: https://www.econbiz.de/10013106241

Technological Diffusion, Spatial Spillovers and Regional Convergence in Europe

Paci, Raffaele; Pigliaru, Francesco - 2012

Persistent link: https://www.econbiz.de/10014134744

Is Dualism Still a Source of Convergence in Europe?

Paci, Raffaele; Pigliaru, Francesco - 1998

productivity convergence observed across the European regions in the 1980s. The potential of an explanation of convergence based in … therefore on convergence) implied by the theory of the dual economy. We use the database Regio-Eu set up by CRENoS, with … of the whole process of convergence. Ignoring such components could lead to misleading interpretations of the relative …

Persistent link: https://www.econbiz.de/10014073863

Taxing deficits to restrain government spending and foster capital accumulation

Stähler, Nikolai - 2007

In a dynamic model of fiscal policy, social polarization provokes a deficit bias. Policy advisors have recently proposed that governments running a deficit should be forced to generate additional tax revenue. We show that this deficit taxation reduces the deficit bias as it internalizes the...

Persistent link: https://www.econbiz.de/10010295863

Government expenditures and unemployment: A DSGE perspective

Mayer, Eric; Moyen, Stéphane; Stähler, Nikolai - 2010

In a New Keynesian DSGE model with labor market frictions and liquidity-constrained consumers aggregate unemployment is likely to increase due to a non-persistent government spending shock. Furthermore, the group of asset-holding households reacts very differently from the group of...

Persistent link: https://www.econbiz.de/10010301351

FiMod – a DSGE model for fiscal policy simulations

Stähler, Nikolai; Thomas, Carlos - 2011

This paper develops a medium-scale dynamic, stochastic, general equilibrium (DSGE) model for fiscal policy simulations. Relative to existingmodels of this type, our model incorporates a two-country monetary union structure, which makes it well suited to simulate fiscal measures by relatively...

Persistent link: https://www.econbiz.de/10008937391

Re-Allocating Taxing Rights and Minimum Tax Rates in International Profit Taxation

Kempkes, Gerhard; Stähler, Nikolai - 2021

What are the macroeconomic implications of re-allocating taxing rights away from source countries (where goods are produced) to market countries (where goods are consumed) and introducing minimum rates in international profit taxation? We assess this question in a dynamic macroeconomic model...

Persistent link: https://www.econbiz.de/10013243015

Economic Consequences of High Public Debt : Evidence from Three Large Scale DSGE Models

Burriel, Pablo - 2020

The paper reviews the economic risks associated with regimes of high public debt through DSGE model simulations. The large public debt build-up following the 2009 global financial and economic crisis acted as a shock absorber for output, while in the recent and more severe COVID19-crisis, an...

Persistent link: https://www.econbiz.de/10012827422