Showing 1 - 10 of 11
Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modeling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy...
Persistent link: https://www.econbiz.de/10004961429
We estimate the multiplier relying on differences in spending in infrastructure across Italian provinces and an …-mafia measures on output, our results suggest a multiplier as high as 1.4 on impact, and 2 including dynamic effects. …
Persistent link: https://www.econbiz.de/10008925709
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10011083665
This paper proposes a dynamic stochastic general equilibrium model in which the government-consumption multiplier …
Persistent link: https://www.econbiz.de/10011083889
We report estimates of the fiscal multiplier for interwar Britain based on quarterly data and time-series econometrics …. We find that the government-expenditure multiplier was in the range 0.3 to 0.9 even during the period when interest rates …
Persistent link: https://www.econbiz.de/10011084469
We apply program evaluation methods to analyze the effectiveness of two types of preferential regional policy programs in China's manufacturing sector. Economic and Technological Development Zones (ETDZs) aim to facilitate firms' internationalization strategies. Science and Technology Industrial...
Persistent link: https://www.econbiz.de/10009385770
This paper presents empirical tests of the hypothesis that firms cluster geographically due to Marshallian localization economies. The hypothesis implies that changes in employment in localized industries should be more closely related within the regions than across regions. We develop an...
Persistent link: https://www.econbiz.de/10005136723
We propose a dynamic spatial theory to analyze the geographic impact of climate change. Agricultural and manufacturing firms locate on a hemisphere. Trade across locations is costly, firms innovate, and technology diffuses over space. Energy used in production leads to emissions that contribute...
Persistent link: https://www.econbiz.de/10011083729
This paper estimates the impact of public investment on regional economic growth and convergence at the NUTS III level in Greece. Using a new database of public expenditure per region for the period 1978-2007, it proposes a model which captures not just the impact of public investment in Greek...
Persistent link: https://www.econbiz.de/10011084166
This paper analyzes some of the consequences of economic and monetary union of the two Germanies. Particular emphasis is given to the real implications for the supply side of the German Democratic Republic and for resource flows between two economic regions.
Persistent link: https://www.econbiz.de/10005666402