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This paper addresses the issue of whether and by how much public capital can enhance economic performance. We apply different methodologies to Italian regional data for the period 1970-1994. The results are presented for Italy as a whole and for different macroregions, and for individual...
Persistent link: https://www.econbiz.de/10014155078
This paper studies the impact of public infrastructure on economic performance. We employ three different methodologies to estimate the returns to public investment. First, we relate growth in total factor productivity to accumulation of public capital. Second, we assess the role of public...
Persistent link: https://www.econbiz.de/10014134743
The paper offers a brief discussion about the role of transport infrastructure in the current growth strategy followed by the EU. As a corridor is the locus where transport infrastructure and growth should interact more effectively, the central part of Corridor V is considered as an interesting...
Persistent link: https://www.econbiz.de/10014026533
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
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
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transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in … that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural …
Persistent link: https://www.econbiz.de/10012154921
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