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Threshold effects and regional economic growth : evidence from West Germany
Funke, Michael; Niebuhr, Annekatrin - 2002
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income distribution appears to be stratifying into a trimodal...
Persistent link: https://www.econbiz.de/10001653763
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Growth and convergence in a two-region model of unified Germany
Funke, Michael; Strulik, Holger - 1999
The paper sets up a two-region endogenous growth model to discuss growth and regional convergence of unified Germany. It emphasises the role of private and public capital accumulation during the developing process. The theoretical part derives fiscal policy rules which establish convergence of...
Persistent link: https://www.econbiz.de/10013361013
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Mapping China’s Time-Varying House Price Landscape
Funke, Michael - 2019
The recent increase in China's house prices at the national level masks tremendous variation at the city level – a … feature largely overlooked in the macroprudential literature. This paper measures the evolving heterogeneity in China's house … China's city-level housing price synchronization. The estimates indicate an increasing synchronization leading up to 2015 …
Persistent link: https://www.econbiz.de/10012862660