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Is there convergence of Russia's regions? : exploring the empirical evidence : 1995-2010

Lehmann, Hartmut; Silvagni, Maria Giulia - 2013

This paper analyzes convergence in per capita gross regional product of Russia's regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …

Persistent link: https://www.econbiz.de/10011730869

EU Structural Funds and GDP per Capita : Spatial VAR Evidence for the European Regions

Destefanis, Sergio; Di Giacinto, Valter - 2023

This paper focuses on the impact of EU structural funds (SFs) on the GDP per capita of 183 European NUTS2 regions from 1990 to 2016. To allow for the endogeneity of funds allocation to regions, we estimate a bivariate structural panel VAR model, controlling for unobserved heterogeneity through a...

Persistent link: https://www.econbiz.de/10014348461

Short-run regional forecasts : spatial models through varying cross-sectional and temporal dimensions

Mayor-Fernández, Matías; Patuelli, Roberto - 2012

In any economic analysis, regions or municipalities should not be regarded as isolated spatial units, but rather as highly interrelated small open economies. These spatial interrelations must be considered also when the aim is to forecast economic variables. For example, policy makers need...

Persistent link: https://www.econbiz.de/10011731365

Dynamic Macroeconomic Effects of Public Capital : Evidence from Regional Italian Data

Di Giacinto, Valter - 2010

This paper assesses the effects of public capital in Italy on the main macroeconomic aggregates: GDP, private capital and labour. A cointegrated vector autoregressive (VAR) model, in line with recent advancements in the field, allows us to take into account the complex nexus of direct and...

Persistent link: https://www.econbiz.de/10013143716

Structural Transformation and Allocation Efficiency in China and India

Di Stefano, Enrica - 2017

Market frictions prevent the efficient allocation of factors of production, slow down structural transformation and lead to costs in terms of lower output and aggregate total factor productivity (TFP). We use a theoretical framework developed by Aoki (2012) featuring sector-specific frictions on...

Persistent link: https://www.econbiz.de/10012960923

Revisiting the real exchange rate misalignment-economic growth nexus via the across-sector misallocation channel

Giordano, Claire - 2023

Real effective exchange rate (REER) imbalances may affect economic growth by altering the allocation of labour and capital across sectors. This study assesses whether the component of inter-sectoral production factor misallocation induced by REER misalignments significantly hinders economic...

Persistent link: https://www.econbiz.de/10014255788

Remittances in Times of Crisis : Evidence from Italian Corridors

Ciarlone, Alessio - 2023

Defying expectations, remittance flows to low- and middle-income countries withstood the shock related to the outbreak of the COVID-19 pandemic. Relying on detailed data for a large panel of remittance-receiving economies, this paper explores the key drivers of remittance outflows from Italy and...

Persistent link: https://www.econbiz.de/10014348472

The Real Effects of Credit Crunch in the Great Recession : Evidence from Italian Provinces

Barone, Guglielmo - 2016

The paper estimates the effects on the real economy of the sharp reduction in the supply of credit following the 2008 financial crisis. We develop a measure of local credit supply that is based on the market shares of the banks that serve a local economy and the national change in each bank's...

Persistent link: https://www.econbiz.de/10012992536

The Internationalization of Italian Production and Industrial Districts : An Analysis of Investment

Federico, Stefano - 2006

Using data from Ufficio italiano dei cambi for the period 1997-2001, the study analyses the distribution of foreign direct investment (FDI) outflows by sector and local area of origin. It tries to identify which local industrial structures determine a larger propensity to invest abroad, focusing...

Persistent link: https://www.econbiz.de/10014057116

GMM estimation of fiscal rules : Monte Carlo experiments and empirical tests

Mammi, Irene - 2015

This paper focuses on the estimation of fiscal response functions for advanced economies and on the performance of alternative specifications of the Generalized Method of Moments (GMM) estimator for the rule's parameters. We first estimate the parameters on simulated data through Monte Carlo...

Persistent link: https://www.econbiz.de/10011714222