This paper provides new evidence on the importance of international technology spillovers channelled by imports and its impact on economic TFP growth of the OECD countries. For this purpose we estimate a version of the growth model with endogenous technological change used in Benhabib and...

In this article we analyze the determinants of the functional distribution of government expenditure using for this purpose the models of the median voter's demand common in public choice literature. First of all, we review the economic literature on the factors affecting each component of...

This paper explores the role of imports as a mechanism of transmission of international technological spillovers and the significance of these for the growth and economic convergence of the OECD countries. For this purpose a growth model is estimated that includes amongst its determinants a...

Investment incentives targeted at attracting multinational firms have been extensively documented and researched, and empirical evidence has shown them to be influential. The same is not true of exit costs. Yet, as recent theory suggests, there may be a trade-off between entry incentives and...

The aim of this study is to assess possible reforms for the future financial framework of the Community Budget for the period 2007-2013, attaching special importance to their impacts on the Spanish economy. We analyze the fiscal balances of each of the Fifteen with the Union budget and reveal...

Recent evidence on the impact of fiscal policy, taxes, public expenditures and budget deficits on long-run growth in OECD countries has adopted the Barro (1990) framework to distinguish between ‘productive’ and ‘unproductive’ expenditures, and ‘distortionary’ and...

Following the present atmosphere of budgetary cuts in the OECD countries we analyze the effects of fiscal consolidation in the composition of government expenditures by functions. We modify a standard median voter demand model to incorporate a form of fiscal illusion based on the idea that...

This paper examines the duration of fiscal consolidations among the fifteen EU Members States using data from the European Commission for the period 1960-2000. Using the duration model approach, we estimate the hazard and survivor functions of our series. Then we discuss what is the duration...

In various empirical studies so-called tax ratios (tax revenues expressed as a ratio of some aggregate tax base) are employed as approximations for tax burdens. The most difficult problem in calculating tax ratios is the way in which personal income tax revenues are attributed to labor and...

This study explores - by estimating an econometric panel data model – the capacity of some of the hypotheses formulated in the recent dynamic models of trade and economic growth to explain the bilateral trade of OECD countries. In this respect, special emphasis is placed on the former...