Showing 1 - 10 of 298
Persistent link: https://www.econbiz.de/10008674023
Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …
Persistent link: https://www.econbiz.de/10011126360
This paper presents a model which explains per capita regional product as a function of spatial and non spatial variables. Spatial variables may act within and beyond its territory and are related to spatial phenomena such as spatial external economies or expenditure urban multipliers. The model...
Persistent link: https://www.econbiz.de/10010992139
, conditions of convergence of interregional per-capita income, the long-run equilibrium regional shares of factors and of income …, and the convergence speed. The results are further generalised by explicitly introducing interregional distances. …
Persistent link: https://www.econbiz.de/10005184201
Main trends of per capita income convergence in Portugal and the European Union are surveyed. An explanation is given … to the fact that in the last two decades countries have converged, while no visible convergence has taken place among the … distribution of the stock of existing firms in the European Union is fixed, it is assumed that the degree of convergence follows …
Persistent link: https://www.econbiz.de/10005463763
In this paper we analyze fifty years of economic convergence for the regions of Chile, in a context of radical … political changes associated with deep economic transformations. For the analysis of convergence of GDP per capita, the sub … variable productivity. The analysis was carried out using the definitions of absolute ß convergence and s convergence, and …
Persistent link: https://www.econbiz.de/10010902334
This article reviews the literature analysing the importance of infrastructure for economic growth, and performs an econometric estimation to discover the relation between the two variables in the case of Peru. Different estimators are used with panel data from the 24 regions of Peru for the...
Persistent link: https://www.econbiz.de/10010842551
The slow economic recovery since the 2008 financial crisis and Great Recession requires state and local governments to continue to make difficult decisions concerning which taxes to raise and which expenditures to decrease in order to maintain a balanced budget. As expenditures usually raise...
Persistent link: https://www.econbiz.de/10010933562
This paper uses a pooled mean group (PMG) estimator to evaluate the effects of tax policy on state-level growth. We find that property and sales tax rates have negative effects on long-run income growth, while income tax rates have no impact.
Persistent link: https://www.econbiz.de/10010597201
The aim of this paper is to analyze the theoretical and econometric implications of omitting spatial dependence in the Mankiw, Romer, and Weil (1992) model. Indeed, the international distribution of income levels and growth rates suggests the existence of large international disparities, and...
Persistent link: https://www.econbiz.de/10005750963