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We analyze the impact of fiscal decentralization on U.S. county population, employment, and real income growth. Our findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit and by economic indicator. We find that single-purpose...
Persistent link: https://www.econbiz.de/10013153508
We study the connection between economic performance and the quality of government institutions for the sample of 103 Italian NUTS3 regions, including new measures of institutional performance calculated using data on the provision of different areas of public services. In order to address...
Persistent link: https://www.econbiz.de/10013029621
Solow (1956) has made an essential contribution to the Neo-classical growth approach through the economic convergence …. Convergence could occur either among a group of economies with the same steady states or within regions in which their fundamental … dynamics differ, and thus they exhibit multiple steady states. This study aims to investigate convergence with respect to GDP …
Persistent link: https://www.econbiz.de/10011754835
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This study investigates the impact of various economic sectors on household income in Thailand. It is conducted in light of the substantial "digital wallet" scheme initiated by the Thai government, with the goal of providing empirical evidence and suggesting alternative policies for regional...
Persistent link: https://www.econbiz.de/10014497103
Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization and promote class conflict and revolution in...
Persistent link: https://www.econbiz.de/10013016396
Persistent link: https://www.econbiz.de/10011412074
The cross-country convergence hypothesis is one of the central topics of long-run macroeconomics. This paper revisits … beta convergence is first documented. Next, the paper incorporates some recent developments from the unsupervised machine … learning literature to evaluate the existence of local convergence. In particular, the application of a distribution …
Persistent link: https://www.econbiz.de/10012029342
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Persistent link: https://www.econbiz.de/10014334762