Showing 1 - 10 of 47
This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012171696
growth enhancing tax and expenditure reform. We quantitatively illustrate that this reform based strategy, by … reapingsubstantial efficiency gains and inducing strong growth, eliminates the Covid debt, protects per capita social entitlements and …
Persistent link: https://www.econbiz.de/10012796971
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012033212
The European Commission co-funds public projects through the European Structural and Investment Funds (ESIF) to stimulate the sustainable economic development of EU Member States. The ESIF budget is about 90 billion euros annually and ESIF beneficiaries are explicitly encouraged to increase...
Persistent link: https://www.econbiz.de/10015045173
This paper empirically studies whether it pays off (in terms of economic growth) to fulfill the convergence criteria on … show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with … European economies outside the Euro-zone shows higher growth values for Euro-members than for the control group. Regression …
Persistent link: https://www.econbiz.de/10011557773
This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...
Persistent link: https://www.econbiz.de/10012388211
This study examines the impact of financial integration on economic growth in the case of 31 European countries over … positive effects of financial integration on economic growth. They also suggest that the financial integration - economic … growth relationship depends on country-specific characteristics such as the level of financial development and the quality of …
Persistent link: https://www.econbiz.de/10014314278
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and 2019. We find our structural estimates are stable but substantially lower than the reduced-form estimates that tend to characterise the literature and that the responsiveness of...
Persistent link: https://www.econbiz.de/10015052585
Persistent link: https://www.econbiz.de/10003641707
high growth, but based on a simple stylized model of government behavior the expectation is that mainly high trust … governments will be in a position to defer consolidation to years with higher growth. Overall, our analysis of a panel of European …
Persistent link: https://www.econbiz.de/10009764994