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Engler, Philipp; Wulff, Alexander - 2011

We employ a neoclassical growth model to assess the impact of financial liberalization in a developing country on capital owners` and workers` consumption and welfare. We find in a baseline calibration for an average non-OECD country that capitalists suffer a 42 percent reduction in permanent...

Persistent link: https://www.econbiz.de/10009302997

Spatial dynamics of labor markets in Brazil

Chomitz, Kenneth M.; Mata, Daniel da; Carvalho, … - 2015

There was substantial spatial variation in labor market outcomes in Brazil over the 1990's. In 2000, about one fifth of workers lived in apparently economically stagnant municipios where real wages declined but employment increased faster than the national population growth rate. More than one...

Persistent link: https://www.econbiz.de/10012025189

Estimation of multiequation cross-section models in the presence of spatial autocorrelation

Carvalho, Alexandre Ywata de; Mata, Daniel da; Chomitz, … - 2015

We describe econometric techniques to treat spatial autocorrelation in multiequation cross-section models. The cross-section approaches discussed here are heavily based on the spatial GMM procedure, proposed by Conley (1999). An extension for fullinformation instrumental variable models is...

Persistent link: https://www.econbiz.de/10012025305

Determinants of city growth in Brazil

Mata, Daniel da; Deichmann, Uwe; Henderson, J. Vernon; … - 2015

In this paper, we examine the determinants of Brazilian city growth between 1970 and 2000. We consider a model of a city, which combines aspects of standard urban economics and the new economic geography literatures. For the empirical analysis, we constructed a dataset of 123 Brazilian...

Persistent link: https://www.econbiz.de/10012025326

Examining the growth patterns of Brazilian cities

Mata, Daniel da; Deichmann, Uwe; Henderson, J. Vernon; … - 2015

agglomerations and in the South, but there is some indication of regional convergence with higher rates of income growth in poorer …

Persistent link: https://www.econbiz.de/10012025333

EU regional policy and its theoretical foundations revisited

Schmidt, Peter - European Regional Science Association - 2014

This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...

Persistent link: https://www.econbiz.de/10011075859

EU regional policy : its theoretical foundations and their policy conclusions revisited

Schmidt, Peter - 2014 - Draft

Persistent link: https://www.econbiz.de/10011487099

Fiscal devaluation in a Monetary Union

Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2013

Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...

Persistent link: https://www.econbiz.de/10010221275

The macroeconomic effects of progressive taxes and welfare

Engler, Philipp; Strehl, Wolfgang - 2016

We analyze the positive and normative effects of a progressive tax on wages in a nonlinear New Keynesian DSGE model in the presence of demand and technology shocks. The non-linearity allows us to disentangle the effects of the progressive tax on the volatility and the level of macroeconomic...

Persistent link: https://www.econbiz.de/10011566088

The EU structural funds as a means to hamper migration

Schmidt, Peter - 2012

convergence or economic cohesion, respectively. Following this strand of theory no regional policy is needed to achieve … convergence among the regions or nations of a common market. Thus, comparing the two internal markets, the question comes up if … inhibiting internal migration, which is one of the key measures in achieving convergence among the nations in the Single European …

Persistent link: https://www.econbiz.de/10011515661