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The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about the channels through which this policy field works....
Persistent link: https://www.econbiz.de/10008533546
More than one third of the European Union's total budget is spent on socalled Cohesion Policy via the structural funds. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of the various European regions. Investigating the impact...
Persistent link: https://www.econbiz.de/10008533553
-1996, using a panel of 100 countries. Relying on the nonparametric poolability test of Baltagi et al. (1996), we find evidence of … structural stability of the relationship. We then specify a nonparametric panel data model with country-specific effects …
Persistent link: https://www.econbiz.de/10005097768
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10005097988
and 2001 provided by the Deutsche Bundesbank, we apply the generalised method of moments (GMM) within a dynamic panel data …
Persistent link: https://www.econbiz.de/10005098092
increasingly important sector in the German economy. Cross-sectional data from an innovation survey and panel data from a quarterly …
Persistent link: https://www.econbiz.de/10008567579
informal sector, and not working. We use a dynamic multinomial logit panel data model with random effects, explaining the labor …
Persistent link: https://www.econbiz.de/10011092596
This study develops a two-step estimator for a panel data Tobit model based on taking first-differences of the equation …
Persistent link: https://www.econbiz.de/10011092714
We use panel data from the German Socio Economic Panel to estimate the determinants of language fluency of immigrants … specify a panel data model which takes explicitly account of misclassification. We extend the existing literature on …, using panel data. The repeated information on language fluency allows us also to distinguish between cohort effects and …
Persistent link: https://www.econbiz.de/10011092739
distinguish from adverse selection using a multivariate dynamic panel data model.Experience rating appears to lead high risk …
Persistent link: https://www.econbiz.de/10011090444