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Regional growth and national development: transition in Central and Eastern Europe and the regional Kuznets curve in the East and the West
Monastiriotis, Vassilis - London School of Economics (LSE) - 2014
Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …
Persistent link: https://www.econbiz.de/10011126360
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Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment
Leduc, Sylvain; Wilson, Daniel - National Bureau of Economic Research (NBER) - 2012
We examine the dynamic macroeconomic effects of public infrastructure investment both theoretically and empirically, using a novel data set we compiled on various highway spending measures. Relying on the institutional design of federal grant distributions among states, we construct a measure of...
Persistent link: https://www.econbiz.de/10011271401
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Incentives and Outcomes: China's Environmental Policy
Deng, Yongheng; Morck, Randall; Wu, Jing; Huang, Jun; … - National Bureau of Economic Research (NBER) - 2013
In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...
Persistent link: https://www.econbiz.de/10010950924
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Government Investment and Fiscal Stimulus in the Short and Long Runs
Leeper, Eric; Walker, Todd B.; Yang, Shu-Chun Susan - National Bureau of Economic Research (NBER) - 2009
This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional neoclassical growth models. The analysis focuses on two dimensions of fiscal policy that are critical for understanding the effects of government investment:...
Persistent link: https://www.econbiz.de/10005040613
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Infrastructure in a Structural Model of Economic Growth
Holtz-Eakin, Douglas; Schwartz, Amy Ellen - National Bureau of Economic Research (NBER) - 1994
Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims that inadequate accumulation of public capital has contributed to substandard U.S. economic growth. Despite this, the link between infrastructure and productivity growth...
Persistent link: https://www.econbiz.de/10005720230
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Government Investment and the European Stability and Growth Pact
Bassetto, Marco; Lepetyuk, Vadym - National Bureau of Economic Research (NBER) - 2007
We consider the effect of excluding government investment from the deficit subject to the limits of the European Stability and Growth Pact. In the model we consider, residents of a given country discount future costs and benefits of government spending more than efficiency would dictate, because...
Persistent link: https://www.econbiz.de/10005050229
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Environmental policy and the economic downturn
Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010
This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008-09 for environmental policies, focusing in particular on the example of action against climate change. The arguments for and...
Persistent link: https://www.econbiz.de/10010744909
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Why do regions develop and change?: the challenge for geography and economics
Storper, Michael - London School of Economics (LSE) - 2011
Explaining the growth and change of regions and cities is one of the great challenges for social science. The field of economic geography and associated economics has developed frameworks in recent years that, while tackling major questions in spatial economic development, are deficient in their...
Persistent link: https://www.econbiz.de/10011126237
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The Agricultural Productivity Gap
Gollin, Douglas; Lagakos, David; Waugh, Michael E. - National Bureau of Economic Research (NBER) - 2013
According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap" suggests that labor is greatly misallocated...
Persistent link: https://www.econbiz.de/10010950838
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Land reform, poverty reduction and growth : evidence from India
Besley, Timothy; Burgess, Robin - London School of Economics (LSE) - 1998
In recent times there has been a renewed interest in relationships between redistribution, growth and welfare. Land reforms have been central to strategies to improve the asset base of the poor in developing countries thought their effectiveness has been hindered by political constraints on...
Persistent link: https://www.econbiz.de/10010746031