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Testing the convergence hypothesis for OECD countries : a reappraisal

Gadea, María Dolores; Sanz-Villarroya, Isabel - 2016

This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses … OECD countries, there are different clusters. The parameter representing the convergence hypothesis, despite being negative … convergence between the countries that belong to the upper quantiles. Moreover, 1960-1970 is highlighted as the period in which …

Persistent link: https://www.econbiz.de/10011558657

Does fiscal consolidation hurt economic growth? : empirical evidence from Spanish regions

Lago Peñas, Santiago; Vaquero-Garcia, Alberto; … - 2019

This article provides empirical evidence on the effect of fiscal consolidation in decentralized countries. The focus on Spain is justified for three reasons. First, it is one of the OECD countries that has been the most affected by the Great Recession in terms of both GDP and public deficit....

Persistent link: https://www.econbiz.de/10012001810

Fungibility and bandwagon effects of capital transfers in a federal context

Vallés Giménez, Jaime; Zárate Marco, Anabel - 2017

The authors quantify the fungibility effect or diversion of resources towards purposes other than investment, by regions receiving conditional capital transfers. To identify this behaviour, they have taken different empirical approaches with frontier techniques that let them quantify whether the...

Persistent link: https://www.econbiz.de/10011691289

Polarization, growth and social policy in the case of Israel, 1997 - 2008

García-Fernándeza, Rosa María; Gottlieb, Daniel; … - 2012

In this paper we apply two statistical models to the measurement of polarization to Israeli income data over the past decade in order to empirically detect income classes as sub-populations of incomes concentrated around an optimal number of poles. The statistical models compared are a...

Persistent link: https://www.econbiz.de/10009632195

Public investment and economic activity in Mexico, 1925-1981

Fonseca, Felipe; Gómez-Zaldívar, Manuel; … - 2019

Mexican economic historiography recognizes the key role that public investment played in the country's economic performance from the post-revolutionary period until the beginning of the economic liberalization that began in the mid-1980s. However, there is no concrete empirical evidence that...

Persistent link: https://www.econbiz.de/10011990903

Foreign capital inflow and its welfare implications in a developing country context

Mukherjee, Rudrarup - 2017

In a small open developing country context, the author considers a three-sector general equilibrium framework and tries to find out the effects of foreign capital inflow on welfare of the country. Comparative-static results show that foreign capital inflow widens the skilled-unskilled wage gap...

Persistent link: https://www.econbiz.de/10011583766

Global shocks and their impact on the Tanzanian Economy

Haile, Fiseha - 2016

Plummeting commodity prices, China's economic malaise, and global financial market turbulence have recently wreaked havoc on African economies. This paper investigates whether, and to what extent, these intertwined shocks spillover into the Tanzanian economy. The author finds that a 1 percentage...

Persistent link: https://www.econbiz.de/10011564548

The finance-growth nexus revisited : from origins to a modern theoretical landscape

Stolbov, Michail I. - 2012

The paper is a survey of theoretical and empirical approaches applied to analyze the impact of financial system on economic growth. The key issues of the modern theories of the finance-growth nexus are discussed and the theories are classified on the basis of the methodology they rely on. The...

Persistent link: https://www.econbiz.de/10009614043

The corruption-income inequality trap : a study of Asian countries

Dwiputri, Inayati Nuraini; Arsyad, Lincolin; Pradiptyo, … - 2018

The existence of ambiguity in the study of the impact of corruption on economic growth, namely the grease the wheel hypothesis and sand the wheel hypothesis, trigger this research to look at the impact of corruption through another perspective, i.e. income inequality. This study identifies the...

Persistent link: https://www.econbiz.de/10011930500

Do transfer costs matter for foreign remittances? : a gravity model approach

Ahmed, Junaid; Martínez-Zarzoso, Inmaculada - 2015

Using bilateral data on remittance flows to Pakistan for 23 major host countries, in the first study of its kind, the authors examine the effect of transaction costs on foreign remittances. They find that the effect of transaction costs on remittance flows is negative and significant; suggesting...

Persistent link: https://www.econbiz.de/10010481984