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Is there convergence of Russia's regions? : exploring the empirical evidence ; 1995 - 2010
Lehmann, Hartmut; Silvagni, Maria Giulia - 2013
This paper analyzes convergence in per capita gross regional product of Russia's regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …
Persistent link: https://www.econbiz.de/10010127808
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Regional convergence in Russia : estimating a neoclassical growth model
Lehmann, Hartmut; Oščepkov, Aleksej Ju.; Silvagni, … - 2020
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from … model to analyze the regional convergence process in the Russian case. We also take into account possible spatial effects … and do a series of other robustness checks. Our main estimates establish a convergence rate of around 2% per year. While …
Persistent link: https://www.econbiz.de/10012183996
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Going NUTS : the effect of EU structural funds on regional performance
Becker, Sascha O.; Egger, Peter; Ehrlich, Maximilian Von; … - 2008
The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU average. Under the Objective 1 scheme, NUTS2 regions with a GDP per capita level below 75% of the EU average qualify for structural funds transfers from the central EU budget....
Persistent link: https://www.econbiz.de/10003803543
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Banking and industrialization
Heblich, Stephan; Trew, Alex - 2015
We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
Persistent link: https://www.econbiz.de/10011342399
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The elusive quest for the holy grail of an impact of EU funds on regional growth
Fidrmuc, Jan; Hulényi, Martin; Zajkowska, Olga - 2019
We analyze the impact of EU structural and cohesion funds on economic growth of European regions, using 2SLS to tackle the potential problem of endogeneity, and estimating a spatial model to account for inter-regional spillovers. We use the presence of environmentally protected areas (under the...
Persistent link: https://www.econbiz.de/10012138778
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The impact of local decentralization on economic growth : evidence from U.S. counties
Hammond, George W.; Tosun, Mehmet Serkan - 2009
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/10003919883
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The impact of fiscal policy on profits
Katsimē, Margarita; Sarantides, Vassilis - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10003898835
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The macroeconomic effects of funding U.S. infrastructure
Malley, James R.; Philippopulos, Apostolēs - 2022
This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...
Persistent link: https://www.econbiz.de/10012801569
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Green stimulus in a post-pandemic recovery : the role of skills for a resilient recovery
Chen, Ziqiao; Marin, Giovanni; Popp, David; Vona, Francesco - 2020
As nations struggle to restart their economy after COVID-19 lockdowns, calls to include green investments in a pandemic-related stimulus are growing. Yet little research provides evidence of the effectiveness of a green stimulus. We begin by summarizing recent research on the effectiveness of...
Persistent link: https://www.econbiz.de/10012244481
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The determinants of economic growth in European regions
Crespo Cuaresma, Jesús; Doppelhofer, Gernot; … - 2009
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/10003806087