Showing 1 - 10 of 1,062
This paper estimates the impact of public investment on regional economic growth and convergence at the NUTS III level … capita on regional economic growth – but not on convergence – which also generates considerable spillover effects. However …
Persistent link: https://www.econbiz.de/10011084166
We examine the dynamic macroeconomic effects of public infrastructure investment both theoretically and empirically, using a novel data set we compiled on various highway spending measures. Relying on the institutional design of federal grant distributions among states, we construct a measure of...
Persistent link: https://www.econbiz.de/10011271401
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...
Persistent link: https://www.econbiz.de/10010950924
Transfers to individuals, firms, and regions are often regulated by threshold rules, giving rise to a regression discontinuity design. An example are transfers provided by the European Commission to regions of EU member states below a certain income level. Researchers have focused on estimation...
Persistent link: https://www.econbiz.de/10009205062
terms of their convergence in selected macroeconomic fundamentals. The analysis uses monthly data on industrial output … natural economic integration among them so far. Certain levels of convergence occurred only for a limited number of countries …
Persistent link: https://www.econbiz.de/10005124389
This paper studies the role of internal migration in income convergence across regions in Japan. Neoclassical theory … predicts that migration should have been an important source of convergence, but regression results suggest otherwise. The … shown that, although this effect did slow down convergence, its magnitude was too small to account for the discrepancy …
Persistent link: https://www.econbiz.de/10005123658
This paper assesses convergence in output per head across regions in the European Community (EC), for the period 1975 …<196>90. We use three alternative methodologies to measure convergence, which yield consistent results. We observe that there are … strong differences in the pattern of convergence across sub-periods and across subsets of regions. If Southern Europe seemed …
Persistent link: https://www.econbiz.de/10005789075
This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional neoclassical growth models. The analysis focuses on two dimensions of fiscal policy that are critical for understanding the effects of government investment:...
Persistent link: https://www.econbiz.de/10005040613
Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims that inadequate accumulation of public capital has contributed to substandard U.S. economic growth. Despite this, the link between infrastructure and productivity growth...
Persistent link: https://www.econbiz.de/10005720230
We consider the effect of excluding government investment from the deficit subject to the limits of the European Stability and Growth Pact. In the model we consider, residents of a given country discount future costs and benefits of government spending more than efficiency would dictate, because...
Persistent link: https://www.econbiz.de/10005050229