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The role of fiscal transfers for regional economic convergence in Europe

Checherita-Westphal, Cristina; Nickel, Christiane; … - 2009

-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …, while achieving regional redistribution, seem to impede output growth and promote an “immiserising convergence”: output …

Persistent link: https://www.econbiz.de/10011605075

Technology convergence and digital divides : a country-level evidence for the period 2000-2010

Lechman, Ewa - 2013

convergence. We apply three approaches to convergence – beta-convergence, sigma-convergence and quantile-convergence (q-convergence … check if countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the …

Persistent link: https://www.econbiz.de/10011801809

Irish regional GDP since independence

De Bromhead, Alan; Kenny, Sean - 2024

convergence over the period 1926-1991 was driven by both within-sector convergence in productivity and structural change. Our …

Persistent link: https://www.econbiz.de/10014575207

The Role of Fiscal Transfers for Regional Economic Convergence in Europe

Checherita-Westphal, Cristina D. - 2009

-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

Transition economy convergence in a two-country model: implications for monetary integration

Bruha, Jan; Podpiera, Jirí - 2007

In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our...

Persistent link: https://www.econbiz.de/10011604786

Inquiries on dynamics of transition economy convergence in a two-country model

Bruha, Jan; Podpiera, Jirí - 2007

particular emphasis on the impact of productivity convergence and effects of timing of trade and financial liberalization on the … convergence patterns. We compare the mechanisms behind the three investment margins (horizontal investment to new varieties …

Persistent link: https://www.econbiz.de/10011604837

Convergence and anchoring of yield curves in the euro area

Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …

Persistent link: https://www.econbiz.de/10011604863

Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility?

Arratibel, Olga; Furceri, Davide; Martin, Reiner - 2008

This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per capita output growth, the credit cycle, the stock of inward foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member...

Persistent link: https://www.econbiz.de/10011604975

Determinants of inflation and price level differentials across the euro area countries

Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2009

This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...

Persistent link: https://www.econbiz.de/10011605175

Re-examining the convergence of the world economy : Markov chain model with population weighting

Domínguez, Alvaro; Sakamoto, Hiroshi - 2022

Persistent link: https://www.econbiz.de/10013274276