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countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …
Persistent link: https://www.econbiz.de/10003806087
In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...
Persistent link: https://www.econbiz.de/10003850511
Persistent link: https://www.econbiz.de/10003497622
Persistent link: https://www.econbiz.de/10003498831
We study the effect of international trade and freeness of trade (openness) on interregional inequality within countries. We estimate a model derived from a structural economic-geography approach in which interregional inequality depends on weighted trade shares and trade costs. In addition to...
Persistent link: https://www.econbiz.de/10010354797
This paper empirically studies whether it pays off (in terms of economic growth) to fulfill the convergence criteria on the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special focus on twelve Euro-zone members and a control group...
Persistent link: https://www.econbiz.de/10011557773
Eric Jones has found that excessive taxes were detrimental for pre-modern China's economic growth whereas moderate taxes were conducive for Europe's economic growth. This paper provides a political-economic answer to the question why these two tax systems came about. Taxation is only feasible...
Persistent link: https://www.econbiz.de/10010391803
structural model parameters for the NUTS II EU regions. These estimations enable us to come up with an empirically grounded free …-ness of trade parameter. In line with NEG theory, the estimation results show that a spatial wage structure exists for the EU … EU. Agglomeration forces appear to be rather localized. At the same time, confronting our empirical results with the …
Persistent link: https://www.econbiz.de/10003202725
question whether they realise above average integration benefits. The empirical analysis concerns integration effects in the EU …
Persistent link: https://www.econbiz.de/10002531423
There is no consensus about the causes of the reduction in business cycle volatility seen in many major economies over the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic stability has been fostered by improved monetary policy and by...
Persistent link: https://www.econbiz.de/10002521030