Showing 1 - 10 of 175
We analyze the impact of fiscal decentralization on U.S. county population, employment, and real income growth. Our findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit and by economic indicator. We find that single-purpose...
Persistent link: https://www.econbiz.de/10013153508
Liberia is facing large infrastructure gaps and developmental needs that constrain the country's growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....
Persistent link: https://www.econbiz.de/10013071367
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...
Persistent link: https://www.econbiz.de/10014353544
The diversity of social interaction within economic communities affects productivity and growth, and is itself shaped by economic conditions. These reciprocal effects raise the possibility of multiple equilibria, of setting a socially polarized economy stagnating in poverty on a new path of...
Persistent link: https://www.econbiz.de/10012917100
We study the connection between economic performance and the quality of government institutions for the sample of 103 Italian NUTS3 regions, including new measures of institutional performance calculated using data on the provision of different areas of public services. In order to address...
Persistent link: https://www.econbiz.de/10013029621
We analyze the extent to which endogenous cultural amenities affect the spatial equilibrium share of high-human-capital employees. To overcome endogeneity, we draw on a quasi-natural experiment in German history and exploit the exogenous spatial distribution of baroque opera houses built as a...
Persistent link: https://www.econbiz.de/10012857538
In this paper, we study convergence in per capita gross regional products across Russian regions in the period from … model to analyze regional convergence process in the Russian case. We also take into account possible spatial effects and do … a series of other robustness checks. Our main estimates establish a convergence rate of around 2% per year. While we …
Persistent link: https://www.econbiz.de/10012839051
In this paper we study the dynamics of local employment growth in West Germany from 1980 to 2001. Using dynamic panel techniques, we analyse the timing of the impact of diversity and specialisation, as well as of the human capital structure of local industries. Diversity has a positive effect on...
Persistent link: https://www.econbiz.de/10013318319
-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …
Persistent link: https://www.econbiz.de/10012764767
This paper examines the impact of highway expansion on aggregate productivity growth andsectoral reallocation between cities in China. To do so, I construct a unique dataset ofbilateral transportation costs between Chinese cities, digitized highway network maps, andfirm-level census. I first...
Persistent link: https://www.econbiz.de/10012895102