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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
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How fast are the tourism countries growing? : the cross-country evidence
Brau, Rinaldo; Lanza, Alessandro; Pigliaru, Francesco - 2003
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 tourism countries within a sample of 143 countries, observed during the period 1980-95....
Persistent link: https://www.econbiz.de/10011592920
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Productive government expenditure and economic growth
Irmen, Andreas; Kuehnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10010264372
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The impact of fiscal policy on profits
Katsimi, Margarita; Sarantides, Vassilis - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10010274386
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The Macroeconomic Effects of Funding U.S. Infrastructure
Malley, James R.; Philippopoulos, Apostolis - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10013307758
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The effects of the EU Cohesion Policy on regional economic growth : using structural equation modelling for impact assessment
Maucorps, Ambre; Jestl, Stefan; Römisch, Roman - 2020
This paper analyses the effects of the EU Cohesion Policy (CP) on the economic growth of 276 European NUTS-2 regions between 2008 and 2016. Using a structural equation model (SEM) consisting of both a measurement component (with two latent variables) and a structural component, we estimate the...
Persistent link: https://www.econbiz.de/10012264978
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The link between regional temperature and regional income : econometric evidence with sub-national data
Greßer, Christina; Meierrieks, Daniel; Stadelmann, David - 2020
We study the effect of temperature on economic development on the sub-national level, employing cross-sectional data for up to 15,533 sub-national units from two distinct sources. In contrast to the existing cross-country literature on the temperature-income relationship, our setting allows us...
Persistent link: https://www.econbiz.de/10012200932
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Identifying and disentangling the impact of fiscal decentralization on economic growth
Canavire-Bacarreza, Gustavo; Martinez-Vazquez, Jorge; … - 2019
This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity issue stemming from reverse causality and unobserved factors that has plagued previous extensive literature on this subject. In our approach, we use the Geographic Fragmentation...
Persistent link: https://www.econbiz.de/10012107011
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On the economic effects of a reallocation of EU cohesion policy expenditures
Jestl, Stefan; Römisch, Roman - 2020
-run convergence and short-run economic performance. …
Persistent link: https://www.econbiz.de/10012264955
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On the water-energy-food nexus: is there multivariate convergence?
Bollino, Carlo Andrea; Galeotti, Marzio - 2021
This paper provides new evidence on the convergence process of energy, water and food per capita consumption levels for … multivariate sigma and beta-convergence. The results reveal that there is evidence of sigma- absolute beta- and conditional beta-convergence … impact of each variable on the others in the analyzed countries. The speed of convergence is simulated to assess when the …
Persistent link: https://www.econbiz.de/10012487810