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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

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

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

The Ararat Fiscal Strategy Model : A Structural Framework for Fiscal Policy Analysis in Armenia

Babajanyan, Victoria; Baksa, Daniel; Fukac, Martin; … - 2022

This paper presents an overview of the Ararat Fiscal Strategy Model (AFSM), which is a structural, New-Keynesian, DSGE, small open economy model with a rich fiscal block that includes several expenditure and revenue instruments, and types of debt. The AFSM is now a formal part of the Ministry of...

Persistent link: https://www.econbiz.de/10014081629

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

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