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The elusive quest for the holy grail of an impact of EU funds on regional growth

Fidrmuc, Jan; Hulényi, Martin; Zajkowska, Olga - 2019

We analyze the impact of EU structural and cohesion funds on economic growth of European regions, using 2SLS to tackle the potential problem of endogeneity, and estimating a spatial model to account for inter-regional spillovers. We use the presence of environmentally protected areas (under the...

Persistent link: https://www.econbiz.de/10012138778

An open-economy Ramsey-Cass-Koopmans model in reduced form

Spiro, Daniel - 2021

-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Persistent link: https://www.econbiz.de/10012619417

Public and private investments : a VAR analysis of their impact on economic growth in 18 advanced economies

Afonso, António; Caiado, Jorge; Kanaan, Omar Al. - 2024

This paper examines the macroeconomic returns on public and private investments in 18 advanced economies from 1965 to 2019, using a Vector Autoregressive (VAR) approach. We assess whether higher investment levels drive economic growth and explore the interplay between public and private...

Persistent link: https://www.econbiz.de/10015081346

Threshold effects and regional economic growth e Evidence from West Germany

Funke, Michael; Niebuhr, Annekatrin - 2002

We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income distribution appears to be stratifying into a trimodal...

Persistent link: https://www.econbiz.de/10011409398

Geography, institutions, and the making of comparative development

Auer, Raphael A. - 2012

While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...

Persistent link: https://www.econbiz.de/10009571204

Pandemics, places, and populations : evidence from the Black Death

Jedwab, Remi; Johnson, Noel D.; Koyama, Mark - 2019

growth. On average, cities recovered their pre-Plague populations within two centuries. In addition, aggregate convergence …

Persistent link: https://www.econbiz.de/10011977143

Structural reforms and income inequality : who benefits from market-oriented reforms?

Gründler, Klaus; Potrafke, Niklas; Wochner, Timo - 2020

We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...

Persistent link: https://www.econbiz.de/10012154916

Ideologically-charged terminology : austerity, fiscal consolidation, and sustainable governance

Gründler, Klaus; Potrafke, Niklas - 2019

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use the term "austerity" in scientific studies and measure austerity in empirical analyses. The sample includes around 3,500 journal articles published in the top 400 journals...

Persistent link: https://www.econbiz.de/10011997341

Railways and the productivity gap in Italy : persistence and divergence after unification

Pontarollo, Nicola; Ricciuti, Roberto - 2015

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...

Persistent link: https://www.econbiz.de/10011295798

Infrastructure and inequality : insights from incorporating key economic facts about household heterogeneity

Klenert, David; Mattauch, Linus; Edenhofer, Ottmar; … - 2014

results are valid for both, the case of endogenous growth and the case of steady state convergence and do not require the …

Persistent link: https://www.econbiz.de/10010412378