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Spatio-temporal analysis of regional systems : a multiregional spatial vector autoregressive model for Spain

Ramajo Hernández, Julián; Márquez, Miguel A.; … - 2013

This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...

Persistent link: https://www.econbiz.de/10011616934

Spatiotemporal analysis of regional systems : a multiregional spatial vector autoregressive model for Spain

Ramajo Hernández, Julián; Márquez, Miguel A.; … - In: International regional science review 40 (2017) 1, pp. 75-96

Persistent link: https://www.econbiz.de/10011704021

Regional public stock reductions in Spain : estimations from a multiregional spatial vector autorregressive model

Márquez, Miguel A.; Ramajo Hernández, Julián; … - In: Region : the journal of ERSA 4 (2017) 1, pp. 129-146

The estimation of the impact of public investment on regional economic growth requires consideration of the spatio-temporal dynamics among the state variables of each region. Recent austerity policies in Spain that feature temporary decreases in the accumulation of regional public capital should...

Persistent link: https://www.econbiz.de/10012491832

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

Public Capital, Sustainable Debt and Endogenous Growth

Greiner, Alfred - 2012

In this paper we analyze an endogenous growth model with public capital and public debt where we posit that the primary surplus of the government is a positive function of cumulated past debt with an exponentially declining weight put on debt further back in time. We consider two scenarios:...

Persistent link: https://www.econbiz.de/10013114337

Public Debt and Public Investment in an Endogenous Growth Model with Real Wage Rigidities

Greiner, Alfred - 2012

In this paper we present an endogenous growth model with public capital, public debt and where real wages are either flexible or rigid due to labor market imperfections. With flexible wages, a balanced budget scenario yields the highest balanced growth rate. Further, simulations suggest that...

Persistent link: https://www.econbiz.de/10012712481

Does it Pay to Have a Balanced Government Budget?

Greiner, Alfred - 2012

This paper presents an endogenous growth model with public capital and public debt. The government finances productive and unproductive public spending through income taxation and through public deficits. In addition, the primary surplus to GDP ratio is set such that it is a positive function of...

Persistent link: https://www.econbiz.de/10014053500

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

Spatial heterogeneity and interregional spillovers in the European Union : do cohesion policies encourage convergence across regions?

Ramajo Hernández, Julián; Márquez, Miguel A.; … - In: European economic review : EER 52 (2008) 3, pp. 551-567

Persistent link: https://www.econbiz.de/10003726334

Agglomeration and growth in NEG : a critical assessment

Cerina, Fabio; Pigliaru, Francesco - In: New directions in economic geography, (pp. 130-167). 2007

Persistent link: https://www.econbiz.de/10003442903