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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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Fiscal rules and public investment : the case of Peru, 2000-2019
Mendoza Bellido, Waldo; Vega, Marco; Rojas, Carlos; … - 2021
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...
Persistent link: https://www.econbiz.de/10012587002
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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
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Do higher public debt levels reduce economic growth?
Heimberger, Philipp - 2021
While the effect of higher public debt levels on economic growth has received much attention, the literature partly points to contradictory results. This paper applies meta-regression methods to 826 estimates from 48 primary studies. The unweighted mean of the reported results suggests: a 10...
Persistent link: https://www.econbiz.de/10012665220
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The impact of public expenditures in education, health, and infrastructure on economic growth and income distribution in Peru
Baca Campodónico, Jorge F.; Peschiera Cassinelli, Jorge R. - 2014
The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with comprehensive structural adjustment, which has attracted substantial foreign investment, are regarded as the pillars of this success. Notwithstanding the advances experienced on...
Persistent link: https://www.econbiz.de/10011285046