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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

Efficiency-Adjusted Public Capital, Capital Grants, and Growth

Crivelli, Ernesto - 2017

Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...

Persistent link: https://www.econbiz.de/10012948534

An open-economy Ramsey-Cass-Koopmans model in reduced form

Spiro, Daniel - 2021

-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Persistent link: https://www.econbiz.de/10012619417

Public Investment, Growth, and Debt Sustainability : Putting Together the Pieces

Buffie, Edward F. - 2012

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...

Persistent link: https://www.econbiz.de/10013102262

Collect More, Spend Better : Public Investment in Asian Frontier Markets

Ghazanchyan, Manuk - 2017

We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt sustainability for three fast-growing Southeast...

Persistent link: https://www.econbiz.de/10012962142

Investing in Electricity, Growth, and Debt Sustainability : The Case of Lesotho

Andreolli, Michele - 2016

This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through...

Persistent link: https://www.econbiz.de/10012977843

Efficient Energy Investment and Fiscal Adjustment in Senegal

Issoufou, Salifou - 2014

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...

Persistent link: https://www.econbiz.de/10013055672

Pressing the Indian Growth Accelerator : Policy Imperatives

Mohan, Rakesh - 2015

India's real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and infrastructure....

Persistent link: https://www.econbiz.de/10013024439

Debt, Investment, and Growth in Developing Countries with Segmented Labor Markets

Buffie, Edward F. - 2020

We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....

Persistent link: https://www.econbiz.de/10012828060

Loss-of-Learning and the Post-COVID Recovery in Low-Income Countries

Buffie, Edward F.; Adam, Christopher; Zanna, Luis-Felipe; … - 2022

We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...

Persistent link: https://www.econbiz.de/10013295135

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