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The Ararat Fiscal Strategy Model : A Structural Framework for Fiscal Policy Analysis in Armenia
Babajanyan, Victoria; Baksa, Daniel; Fukac, Martin; … - 2022
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
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Spatio-temporal Analysis of Regional Systems: A Multiregional Spatial Vector Autoregressive Model for Spain
RAMAJO, JULIAN; MARQUEZ, MIGUEL A.; HEWINGS, GEOFFREY J.D. - European Regional Science Association - 2013
This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...
Persistent link: https://www.econbiz.de/10010740435
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Efficiency-Adjusted Public Capital, Capital Grants, and Growth
Crivelli, Ernesto - 2017
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...
Persistent link: https://www.econbiz.de/10012948534
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Theory and empirics of horizontal and spatial integration of local communal services
Czako, Katalin; Poreisz, Veronika - European Regional Science Association - 2013
There are three parts of our paper. Firstly, it gives an overview about the goals and factors which affect the integration of local communal services. Horizontal integration means joining the various individual service providers, such as water supply and sewage, communal waste, district heating,...
Persistent link: https://www.econbiz.de/10011145512
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Interregional Inequality and Federal Expenditures and Transfers in Russia
Torbenko, Alexander - European Regional Science Association - 2014
The paper considers the influence of federal government expenditures and transfers on interregional convergence in … period in Russian regions there existed un- conditional beta-convergence, poor regions grew faster than rich ones. This …. Comparing our results to the results of previous research the process of interregional convergence in Russia can be seen. In the …
Persistent link: https://www.econbiz.de/10011075963
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Verzehrt Deutschland seinen staatlichen Kapitalstock?
Grömling, Michael; Hüther, Michael; Jung, Markos - In: Wirtschaftsdienst 99 (2019) 1, pp. 25-31
Eine moderne öffentliche Infrastruktur ist die Grundlage einer leistungsfähigen Volkswirtschaft. Immer wieder ist in diesem Kontext von einer öffentlichen Investitionsschwäche die Rede. Mitunter wird angesichts negativer Nettoinvestitionen oder eines stagnierenden öffentlichen...
Persistent link: https://www.econbiz.de/10012004742
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Finanzierung von Zukunftsinvestitionen: Pragmatische Lösungen sind gefragt
Schnitzer, Monika; Truger, Achim - In: Wirtschaftsdienst 102 (2022) 1, pp. 11-14
Since the new German federal government has imposed tight fiscal policy restrictions on itself, a pragmatic approach is needed to finance the spending requirements of the transformation. The financing instruments mentioned in the coalition agreement appears to be suitable in principle for...
Persistent link: https://www.econbiz.de/10013343008
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Eine Investitionsagenda für Deutschland
Barišić, Manuela; Krebs, Tom; Scheffel, Martin - In: Wirtschaftsdienst 98 (2018) 3, pp. 179-185
Der Koalitionsvertrag von Union und SPD enthält erste Schritte in Richtung einer Ausweitung der öffentlichen Investitionen in Bildung und Betreuung, Wohnungsbau und digitale Infrastruktur. Zusätzliche Investitionen in diesen drei Kernbereichen sind aus wirtschaftlicher und gesellschaftlicher...
Persistent link: https://www.econbiz.de/10012158437
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Verzehrt Deutschland seinen staatlichen Kapitalstock? – Replik und Erwiderung
Dullien, Sebastian; Rietzler, Katja; Grömling, Michael; … - In: Wirtschaftsdienst 99 (2019) 4, pp. 286-294
Im Januarheft 2019 veröffentlichte der Wirtschaftsdienst einen Aufsatz von Michael Grömling, Michael Hüther und Markos Jung dazu, wie der tatsächliche Umfang des öffentlichen Kapitalstocks gemessen werden sollte. Die Autoren vertreten dabei die Auffassung, dass der Fokus auf die Entwicklung...
Persistent link: https://www.econbiz.de/10012158529
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Public Investment, Growth, and Debt Sustainability : Putting Together the Pieces
Buffie, Edward F. - 2012
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...
Persistent link: https://www.econbiz.de/10013102262