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Public investment and regional growth and convergence: Evidence from Greece

Psycharis, Yannis; Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2012

in Greece. Using a new database of public expenditure per region for the period 1978-2007, it proposes a model which … of externalities from neighbouring regions. The results point to a positive long-run impact of public investment per … the highest impact. In general, public investment externalities seem to be more relevant for regional growth than direct …

Persistent link: https://www.econbiz.de/10011084166

Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies

Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2002

Although the theoretical literature has identified various sizeable benefits from foreign direct investment inflows (FDI), the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of economic growth of host countries. One reason for this...

Persistent link: https://www.econbiz.de/10005114268

Foreign Direct Investment and Spillovers: Gradualism May Be Better

Desmet, Klaus; Rojas, Juan A - C.E.P.R. Discussion Papers - 2004

The standard argument says that in the presence of positive spillovers foreign direct investment should be promoted and subsidized. In contrast, this Paper claims that the very existence of such spillovers may require temporarily restricting and taxing inward FDI. Our argument in favour of...

Persistent link: https://www.econbiz.de/10005124363

Exporting, Linkages and Productivity Spillovers from Foreign Direct Investment

Girma, Sourafel; Görg, Holger; Pisu, Mauro - C.E.P.R. Discussion Papers - 2007

In this paper we analyse productivity spillovers from foreign direct investment using firm level panel data UK manufacturing industries from 1992 to 1999. We investigate spillovers through horizontal, backward and forward linkages, distinguish spillovers from export oriented vs domestic market...

Persistent link: https://www.econbiz.de/10005136534

R&D and Technology Spillovers through FDI: Innovation and Absorptive Capacity

Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2001

This Paper examines the effects of two faces of R&D (innovation and development of absorptive or learning capacity) and technology spillovers from FDI (foreign direct investment) on a firm’s productivity growth. Using firm-level panel data on Czech manufacturing firms between 1995 and 1998, I...

Persistent link: https://www.econbiz.de/10005504497

Do output contractions trigger democratic change?

Burke, Paul J.; Leigh, Andrew - Research School of Economics, College of Business and … - 2010

Does faster economic growth increase pressure for democratic change, or reduce it? Using data for 154 countries for the period 1963-2007, we examine the short-run relationship between economic growth and moves toward and away from greater democracy. To address the potential endogeneity of...

Persistent link: https://www.econbiz.de/10008511763

On the Global Supply of Basic Research

Gersbach, Hans; Schneider, Maik - C.E.P.R. Discussion Papers - 2015

In a two-country Schumpeterian growth model, we study the incentives for basic research investments by governments in a globalized world. We find that a country's basic research investments increase with the country's level of human capital and decline with its own market size. This may explain...

Persistent link: https://www.econbiz.de/10011145469

How Much Science? The 5 Ws (and 1 H) of Investing in Basic Research

Gersbach, Hans; Schetter, Ulrich; Schneider, Maik - C.E.P.R. Discussion Papers - 2015

The aim of this paper is to identify possibilities for guiding policy in the area of basic research. We provide an extended review of basic research and offer new insights on its linkages to key economic variables and economic growth. After defining what basic research is, we identify and...

Persistent link: https://www.econbiz.de/10011196042

What Do We Know about Microfinance at Macro Glance?

Alimukhamedova, Nargiza; Hanousek, Jan - C.E.P.R. Discussion Papers - 2015

The majority of microfinance impact studies focus on finding their effect on a specific group of beneficiaries, in contrast we aim to identify the impact on whole economies (economic growth, and financial sector development and reductions in income inequalities), which is an important policy...

Persistent link: https://www.econbiz.de/10011201355

Law and Economy in Traditional China: A "Legal Origin" Perspective on the Great Divergence

Ma, Debin - C.E.P.R. Discussion Papers - 2011

This article offers a critical review of recent literature on Chinese legal tradition and argues that some subtle but fundamental differences between the Western and Chinese legal traditions are highly relevant to our explanation of the economic divergence in the modern era. This paper seeks to...

Persistent link: https://www.econbiz.de/10009024930

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