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Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this...
Persistent link: https://www.econbiz.de/10013212842
-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …. -- Fiscal policy, convergence ; regional economic growth ; regional migration …
Persistent link: https://www.econbiz.de/10003832335
Regional fiscal equalization in Germany aims to reduce fiscal disparities by allocating financial resources to less promising regions in order to support the supply of public goods. This paper aims to analyse secondary economic effects of regional fiscal equalization on several economic in- and...
Persistent link: https://www.econbiz.de/10011981106
This paper presents an overview of the Ararat Fiscal Strategy Model (AFSM), which is a structural, New-Keynesian, DSGE, small open economy model with a rich fiscal block that includes several expenditure and revenue instruments, and types of debt. The AFSM is now a formal part of the Ministry of...
Persistent link: https://www.econbiz.de/10014081629
We investigate the interactions between countries of the discretionary component of national fiscal policies (i.e. the cyclically- and interest-adjusted part of fiscal policy), therefore observing and investigating the part of public spending and tax receipts on which governments keep full...
Persistent link: https://www.econbiz.de/10008692983
While European integration has substantially contributed to economic convergence between the member states of the EU … towards economic convergence on a national scale between 2000 and 2011, mainly caused by the rapid growth of the most lagging … countries. On a regional scale, however, the process of convergence was much slower and almost came to an end after the …
Persistent link: https://www.econbiz.de/10011481693
This paper brings analytical economics to bear on some of the central economic policy challenges faced by contemporary India; monetary policy for controlling inflation, central bank exchange rate interventions and fiscal policy for promoting growth. Government, by giving orchestrated guarantees...
Persistent link: https://www.econbiz.de/10013102841
This paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing...
Persistent link: https://www.econbiz.de/10011258610
Coming from standard economic growth theory and empirical evidences, we concentrated on the convergence process as a … estimate a typology of the convergence process in the European area. Taking into account the existing differences among sectors … the strategies oriented to achieve a real convergence in EU and further in Adriatic-Balkans region. In this way, we can …
Persistent link: https://www.econbiz.de/10011548145
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