Showing 1 - 10 of 68
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10013316522
creative regions. We focus first (second) on absolute (relative) convergence. In the absolute (relative) convergence case, the … convergence case, we analyze how to estimate the speed of convergence parameter (σ) and then discuss the relationship between the … variance of y<sub>j</sub>(t) and that of y<sub>j</sub>(0). In the relative convergence case, we study the error associated with …
Persistent link: https://www.econbiz.de/10012964104
regions, we find evidence for conditional convergence with speed around two percent. The convergence process between countries … is dominated by the catching up process of regions in Central and Eastern Europe (CEE), whereas convergence within …
Persistent link: https://www.econbiz.de/10012765299
We investigate the prevalence and determinants of ethnic favoritism, i.e., preferential public policies targeted at the political leader's ethnic group. We construct a panel dataset of 2,022 ethnographic regions from 139 countries with annual observations from 1992 to 2012, and use nighttime...
Persistent link: https://www.econbiz.de/10013027085
While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...
Persistent link: https://www.econbiz.de/10013315896
This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...
Persistent link: https://www.econbiz.de/10012930611
The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography -...
Persistent link: https://www.econbiz.de/10003347559
This paper shows that Tabellini’s recent claim to have provided evidence that culture has a causal effect on economic development is unjustified. Tabellini’s claim is based on an instrumental variables analysis in which two instruments are used to identify the supposed causal effect. One of...
Persistent link: https://www.econbiz.de/10013315830
Regional income disparities have increased in many European countries recently, even as national and supra-national policy instruments were created to correct them. To explain these evolutions, we develop a two-region, two-sector model with migration and public investment in infrastructure and...
Persistent link: https://www.econbiz.de/10013110806
We use factor analysis to derive a robust measure of religiosity from items reported in five waves of the World Value Survey. Our measure of religiosity is negatively correlated with per capita income. Development apparently causes religiosity to fall to about half its pre-modern level. Most...
Persistent link: https://www.econbiz.de/10003929475