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Do EU Structural Funds Promote Regional Employment? Evidence from Dynamic Panel Data
Mohl, Philipp - 2011
Despite its rather broad goal of promoting 'economic, social and territorial cohesion', the existing literature has mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures is directly aimed at reducing disparities in the...
Persistent link: https://www.econbiz.de/10013118136
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The Role of Fiscal Transfers for Regional Economic Convergence in Europe
Checherita-Westphal, Cristina D. - 2009
This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per-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...
Persistent link: https://www.econbiz.de/10012764767
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The Effect of Public Investment in Europe : A Model-Based Assessment
de Jong, Jasper - 2017
We consider the effect of an increase in public investments on output in Europe against the background of a sharp drop of public investments in a number of EU countries during the crisis and subsequent policy discussions on the need to stimulate public investments. We start with a brief overview...
Persistent link: https://www.econbiz.de/10012962598
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Corporate Tax Competition and the Decline of Public Investment
Gomes, Pedro - 2008
The government's choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of public...
Persistent link: https://www.econbiz.de/10012770741
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Assessing the Impact of a Change in the Composition of Public Spending : A DSGE Approach
Straub, Roland; Tchakarov, Ivan - 2021
Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activity may be correspondingly negatively affected. At the same time, however, public...
Persistent link: https://www.econbiz.de/10013316898
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Assessing the impact of a change in the composition of public spending: a DSGE approach
Straub, Roland; Tchakarov, Ivan - 2007
Despite intense calls for safeguarding public investment in Europe, public investment expenditure, when measured in relation to GDP, has steadily fallen in the last three decades, evoking fears that economic activity may be correspondingly negatively affected. At the same time, however, public...
Persistent link: https://www.econbiz.de/10011604841
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Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects
Afonso, António; St. Aubyn, Miguel - 2008
Using annual data from 14 European Union countries, plus Canada, Japan and the United States, we evaluate the macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess the extent of crowding-in or crowding-out of both...
Persistent link: https://www.econbiz.de/10011604910
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EMU and the Adjustment to Asymmetric Shocks : The Case of Italy
Amisano, Gianni - 2009
at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 …
Persistent link: https://www.econbiz.de/10013153396
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Does it Pay to Have the Euro? Italy's Politics and Financial Markets under the Lira and the Euro
Fratzscher, Marcel - 2009
's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy's financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …
Persistent link: https://www.econbiz.de/10013159357
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Bank Lending and Monetary Transmission in the Euro Area
De Santis, Roberto A. - 2013
in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …
Persistent link: https://www.econbiz.de/10013078975