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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
results showed conditional convergence for the region from 1950 to 1975, and both absolute and conditional divergence from …
Persistent link: https://www.econbiz.de/10005621348
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
In this work we will analyze the spatial correlation of poverty and inequality (FGT0 and FGT1) in Bolivia using data at municipal level, we also study the determinants of poverty using a spatial autoregressive model (SAR).
Persistent link: https://www.econbiz.de/10005836470
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …
Persistent link: https://www.econbiz.de/10009493290
The concept of club convergence has been widely used in empirical analysis to group countries in clubs with similar … test convergence within each club. I find significant and positive convergence speed within each of the clubs, implying …
Persistent link: https://www.econbiz.de/10011110182
Persistent link: https://www.econbiz.de/10000552571
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