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Fiscal Sustainability and Policy Implications for the Euro Area
Balassone, Fabrizio - 2016
In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...
Persistent link: https://www.econbiz.de/10012991065
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Foreign Direct Investment, Spillovers and Absorptive Capacity : Evidence from Quantile Regressions
Girma, Sourafel - 2016
productivity spillovers from FDI using establishment level data for the UK. We allow for different effects of FDI on establishments … located at different quantiles of the productivity distribution by using conditional quantile regression. Overall, while there … matters for productivity spillover benefits. We find evidence for a u-shaped relationship between productivity growth and FDI …
Persistent link: https://www.econbiz.de/10012991322