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South-North convergence from a new perspective

Hübler, Michael - 2013

-North convergence based on North-South technology diffusion through intermediate goods trade is guaranteed if the knowledge effect … dominates the productivity effect. Moreover, a larger Southern market expands the area of convergence and can prevent divergence … convergence is desirable for both, the South and the North. …

Persistent link: https://www.econbiz.de/10010204037

Regional stabilization by fiscal equalization? : theoretical considerations and empirical evidence from Germany

Büttner, Thiess - 1999

In the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for...

Persistent link: https://www.econbiz.de/10011442662

How does EU cohesion policy work? : evaluating its effects on fiscal outcome variables

Hagen, Tobias; Mohl, Philipp - 2009

The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about the channels through which this policy field works....

Persistent link: https://www.econbiz.de/10003881346

Does EU cohesion policy promote growth? : evidence from regional data and alternative econometric approaches

Mohl, Philipp (contributor); Hagen, Tobias (contributor) - 2008

This paper analyses the growth effects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions over the time period 1995-2005. We extend the current literature with regard to at least three aspects: First of all, we extend the time period of investigation, using...

Persistent link: https://www.econbiz.de/10003770912

Which is the right dose of EU cohesion policy for economic growth?

Hagen, Tobias (contributor); Mohl, Philipp (contributor) - 2008

The current empirical literature on the impact of EU Cohesion Policy on the economic growth rates of the European regions mainly relies on functional form assumptions. However, it is ex ante not clear which functional form is appropriate with regard to the relationship between structural funds...

Persistent link: https://www.econbiz.de/10003784703

An integrated assessment model with endogenous growth

Hübler, Michael; Baumstark, Lavinia; Leimbach, Marian; … - 2012

We introduce endogenous directed technical change into numerical integrated climate and development policy assessment. We distinguish expenditures on innovation (R&D) and imitation (international technology spillovers) and consider the role of capital investment in creating and implementing new...

Persistent link: https://www.econbiz.de/10009656602

Econometric evaluation of EU Cohesion Policy : a survey

Hagen, Tobias; Mohl, Philipp - 2009

. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of … the various European regions. Investigating the impact of European Cohesion Policy on economic growth and convergence is a …

Persistent link: https://www.econbiz.de/10003881569

Who's coming to the rescue? : revenue-sharing slumps and implicit bailouts during the Great Recession

Foremny, Dirk; Solé-Ollé, Albert - 2016

This paper analyzes the distribution of discretionary transfers from higher tiers of government in the process of fiscal adjustment in local jurisdictions which were hit by a negative revenue shock in formula transfers. Spanish local governments experienced a 30% fall in their revenue-sharing...

Persistent link: https://www.econbiz.de/10011499738

The long-run effect of fiscal consolidation on economic growth : evidence from quantitative case studies

Kleis, Mischa; Moessinger, Marc-Daniel - 2016 - This version: November 2016

We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of fiscal consolidations based on an examination of historical policy documents and using...

Persistent link: https://www.econbiz.de/10011576967

Housing booms and busts and local fiscal policy

Solé-Ollé, Albert; Viladecans Marsal, Elisabet - 2017

This paper examines how local governments adjust their spending, savings and taxes in response to a temporary revenue windfall generated by a housing boom and how they cope with the inevitable shortfall that appears during the bust. We focus on Spanish local governments given the intensity of...

Persistent link: https://www.econbiz.de/10011580820