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Habit Formation and Fiscal Transmission in Open Economies
Cardi, Olivier; Muller, Gernot J. - HAL - 2010
In this paper we analyze the ability of an open economy version of the neoclassical model to account for the time-series evidence on fiscal policy transmission. In a first step, we identify government spending shocks within a vector autoregression model. We find that i) government spending...
Persistent link: https://www.econbiz.de/10008793608
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Habit persistence and effectiveness of fiscal policy in an open economy
Cardi, Olivier - HAL - 2009
An open economy version of the Baxter and King's [1993] model is constructed with habit formation to investigate the dynamic and steady-state effects of an expansionary budget policy. In line with empirical evidence, consumption is weakly responsive, investment is crowded out, the drop in...
Persistent link: https://www.econbiz.de/10008793996
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A note on the crowding-out of investment by public spending
Cardi, Olivier - HAL - 2009
One of the most prominent and consistent findings of the recent empirical literature on fiscal policy is that investment expenditure is crowded-out by public spending in the short-run. In this contribution, we address this empirical fact using a dynamic general equilibrium model and show that...
Persistent link: https://www.econbiz.de/10008794054
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Terms of trade shocks and the non monotonic adjustment of the current account
Cardi, Olivier - HAL - 2011
This paper investigates both the dynamic and steady-state effects of unanticipated permanent and temporary terms of trade shocks within a two-good small open economy with habit formation and capital adjustment costs. A permanent terms of trade worsening induces a deficit-surplus current account...
Persistent link: https://www.econbiz.de/10008855578
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An Examination of the Convergence in the Output of South American Countries: The Influence of the Region's Integration Projects
Bonilla, Andrea - HAL - 2014
and improve citizens' living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy … definitions of convergence and common trends, the presented evidence supports the existence of common long-run trends driving … output in South America, meaning that the region is involved in a dynamic process of convergence in living standards. …
Persistent link: https://www.econbiz.de/10010933150
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Convergence des émissions par tête de dioxyde de carbone : Le rôle de l'éducation
Kinda, Somlanaré Romuald - HAL - 2009
Cet article a pour but d'analyser le rôle de l'éducation dans la convergence des émissions par tête de dioxyde de …'une convergence des émissions par tête de dioxyde de carbone au niveau mondial. Dans les pays en développement il y a une divergence … convergence si et seulement si elle est associée à de bonnes institutions politiques. En absence de celles-ci, l'éducation est …
Persistent link: https://www.econbiz.de/10010547614
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The Third sector in Europe; Does it exhibit a converging movement?
Archambault, Edith - HAL - 2008
The European Union in its widening movement shows five clusters of Third sector organisations with complex bonds and ties with the surrounding societies and national identities In introduction, we compare briefly the Europe's Third sector features to North America's ones (Historical and...
Persistent link: https://www.econbiz.de/10009643776
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Diversité et fragilité des associations en Europe
Archambault, Edith - HAL - 2012
Formant un modèle régional diversifié, les institutions sans but lucratif en Europe sont fragilisées par la crise économique et l'évolution libérale de la politique communautaire. Appauvries, transformées en sous-traitantes des programmes européens, leur innovation bridée, elles...
Persistent link: https://www.econbiz.de/10010610163
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Regional convergence and agglomeration in Argentina : a spatial panel data approach
Madariaga, Nicole; Montout, Sylvie; Ollivaud, Patrice - HAL - 2005
This paper examines the per capita income convergence process among 23 Argentinian provinces over the period 1983 … conditional convergence process between Argentinian provinces and a positive and significant impact of agglomeration variables on … underestimates the speed of convergence specifically for provinces which are distant from Buenos Aires. Moreover, we improve …
Persistent link: https://www.econbiz.de/10010750954
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The Third sector in Europe; Does it exhibit a converging movement?
Archambault, Edith - HAL - 2009
The European Union in its widening movement shows five clusters of Third sector organisations with complex bonds and ties with the surrounding societies and national identities In introduction, we compare briefly the Europe's Third sector features to North America's ones (Historical and...
Persistent link: https://www.econbiz.de/10010738515