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Regional Disparities in the European Union: Convergence and Agglomeration

Geppert, Kurt; Happich, Michael; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

research. In this paper we examine whether there are overlapping trends of regional development in the EU: overall convergence … estimation, Markov chain analysis and cross-sectional regressions provide evidence that convergence of regional per-capita income …

Persistent link: https://www.econbiz.de/10005068841

Does Fiscal Decentralisation Foster Regional Investment in Productive Infrastructure?

Kappeler, Andreas; Solé-Ollé, Albert; Stephan, Andreas; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

The aim of this paper is to analyze the effect of revenue decentralization on the provision of infrastructure at the sub-national level. We estimate the effects of revenue decentralization and earmarked grant financing on the level of sub-national infrastructure investment in 20 European...

Persistent link: https://www.econbiz.de/10011128834

Persistence and Determinants of Firm Profit in Emerging Markets

Stephan, Andreas; Tsapin, Andriy - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis, dynamic panel GMM estimation, and quantile regression techniques to a panel of approximately 3,000 Ukrainian companies. The empirical results show a moderate level of profit...

Persistent link: https://www.econbiz.de/10004963898

A Further Examination of the Export-Led Growth Hypothesis

Dreger, Christian; Herzer, Dierk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...

Persistent link: https://www.econbiz.de/10009283552

On the Relevance of Exports for Regional Output Growth in China

Dreger, Christian; Zhang, Yanqun - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which...

Persistent link: https://www.econbiz.de/10010896202

Does Euro Area Membership Affect the Relation between GDP Growth and Public Debt?

Dreger, Christian; Reimers, Hans-Eggert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds...

Persistent link: https://www.econbiz.de/10010784003

European Regional Convergence in a Human Capital Augmented Solow Model

Eckey, Hans-Friedrich; Dreger, Christian; Türck, Matthias - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional … control for spatial effects. All specifications confirm the presence of convergence with an annual speed between 3 and 3 … in the speed of convergence across the regions, where a higher speed is striking in particular in France and the UK …

Persistent link: https://www.econbiz.de/10004963803

Economic Convergence and Rent-Seeking in Iran

Dreger, Christian; Rahmani, Teymur; Eckey, Hans-Friedrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

The neoclassical growth model predicts convergence of productivity or per capita output levels across regions. If … participation in the labor force is constant, convergence of per capita income is implied. We investigate this hypothesis for the … support absolute ß-convergence across Iran's provinces and provide some evidence on the adverse effect of rent seeking on …

Persistent link: https://www.econbiz.de/10004963853

Productivity Differences in the European Union: National, Regional and Spatial Effects

Geppert, Kurt; Gornig, Martin; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

Using panel data on European regions and applying Analysis of Covariance, our study provides an empirical assessment of the relative importance of national, regional and spatial factors for explaining variations of productivity. Our analysis shows that initial economic conditions or...

Persistent link: https://www.econbiz.de/10005069037

Do Eurozone Countries Cheat with Their Budget Deficit Forecasts?

Brück, Tilman; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

We estimate the political economy determinants of budget deficit forecast errors. Since the adoption of the Stability Pact, Eurozone governments have manipulated forecasts before elections. The political orientation and the institutional design of governments also affects the quality of forecasts.

Persistent link: https://www.econbiz.de/10005018688