Showing 1 - 10 of 21
This paper estimates the impact of public investment on regional economic growth and convergence at the NUTS III level … capita on regional economic growth – but not on convergence – which also generates considerable spillover effects. However …
Persistent link: https://www.econbiz.de/10011084166
This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy...
Persistent link: https://www.econbiz.de/10005792256
Recent estimates of convergence equations using panel data techniques tend to produce theoretically unpalatable results … Spanish regions, it is found that explicitly allowing for short-term noise reduces the estimated convergence rate to values …
Persistent link: https://www.econbiz.de/10005662387
This paper surveys the recent literature on convergence across countries and regions. We discuss the main convergence … exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence …
Persistent link: https://www.econbiz.de/10005791312
Recent empirical studies tend to confirm the importance of investment in human and technological capital as determinants of growth. Extensions of the neoclassical model that incorporate these factors explain rather well the long-run growth experience of a large sample of countries, and are...
Persistent link: https://www.econbiz.de/10005791332
This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and …. Technological catch-up is found to be very fast and seems to have played an important role in OECD convergence during the first half … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …
Persistent link: https://www.econbiz.de/10005791633
This paper illustrates how convergence equations can be used to analyse the dynamics of the income distribution, thus … allowing for the main convergence mechanisms identified in the literature. The estimated model and the underlying data are then … used in a convergence accounting exercise, which yields quantitative estimates of the contribution of each of these …
Persistent link: https://www.econbiz.de/10005656166
We investigate the sources of productivity convergence using panel data for the Spanish regions. As a framwork, we …
Persistent link: https://www.econbiz.de/10005667004
The geographical sources of innovation of firms have been hotly debated. While the traditional view is that physical proximity within city-regions is key for the innovative capacity of firms, the literature on ‘global pipelines’ has been stressing the importance of establishing communication...
Persistent link: https://www.econbiz.de/10008854504
The creative industries have long been seen as an innovative sector. More recent research posits that creative occupations are also a fundamental, but overlooked, driver of innovation. Theory also suggests cities are important for both creative industries and occupations, with urban environments...
Persistent link: https://www.econbiz.de/10011083220