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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

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

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

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

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

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

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

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

Growth-friendly fiscal rules? : safeguarding public investment from budget cuts through fiscal rule design

Ardanaz, Martín; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2020

We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...

Persistent link: https://www.econbiz.de/10012167402

The output effects of fiscal consolidations : does spending composition matter?

Ardanaz, Martin; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2021

This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average,...

Persistent link: https://www.econbiz.de/10014516596