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The Impact of Local Decentralization on Economic Growth : Evidence from U.S. Counties

Hammond, George W. - 2009

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

How institutions shape the economic returns of public investment in European regions

Àlvarez Ayuso, Inmaculada; Barbero, Javier; Orea, Luis; … - 2023

In this paper, we examine the impact of institutional quality on the returns on key drivers of economic growth in 230 European Union (EU) NUTS-2 regions from 2009 to 2017. To estimate region-specific elasticities, we employ a latent class modelling approach, considering the quality of government...

Persistent link: https://www.econbiz.de/10014336610

Past Dominations, Current Institutions and the Italian Regional Economic Performance

Di Liberto, Adriana - 2015

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

Diversity and Growth

Gradstein, Mark - 2018

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

The determinants and dynamics of regional convergence in the EU

Arvanitopoulos, Theodoros; Lazarou, Nicholas-Joseph - 2023

In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 … stochastic convergence trajectories to assess the role of first nature geography, which is defined by variations in physical …, in causing economic growth convergence patterns. We find that western and northern parts of Europe have higher pairwise …

Persistent link: https://www.econbiz.de/10014308640

The impact of Cohesion Policy 2007-2015 in EU regions : simulations with the RHOMOLO Interregional Dynamic General Equilibrium Model

Di Comite, Francesco; Lecca, Patrizio; Monfort, Philippe; … - 2018

In this paper we assess the system-wide economic impact of the key financial instruments adopted by the European Union for the implementation of the regional policy: The Structural funds and The Cohesion Funds. We take a bottom-up approach by aggregating the 86 categories of expenditures defined...

Persistent link: https://www.econbiz.de/10011981477

The RHOMOLO economic impact assessment of the R&I and Low-Carbon ERDF Investment programme in Apulia, Italy

Di Comite, Francesco; Diukanova, Olga; Mandras, Giovanni; … - 2018

In this note we present the economic impact assessment of the European Regional Development Fund (ERDF) for thematic objectives TO1 "Research and innovation" and TO4 "Low-carbon economy" in the region of Apulia, Italy. The results are based on the RHOMOLO-IO demand multiplier analysis and on...

Persistent link: https://www.econbiz.de/10011981489

A scenario analysis of the 2021-2027 European Cohesion Policy in Bulgaria and its regions

Crucitti, Francesca; Lazarou, Nicholas-Joseph; Monfort, … - 2021

We employ the spatial dynamic general equilibrium model RHOMOLO to estimate the economic impact of the 2021-2027 Cohesion Policy in Bulgarian NUTS-2 regions and analyse the implications for growth and development in Bulgaria. The main investment areas covered by the policy fall into the...

Persistent link: https://www.econbiz.de/10012622842

A GDP impact evaluation of R&D investments in Romania using the CGE model Rhomolo

Diukanova, O.; Chioncel, M. - 2021

This study evaluates the potential economic impacts of Research & Development (R&D) investments in Romania during the 2021-2027 policy cycle. The assessment is based on three distinct R&D investments scenarios: (1) 2% Gross domestic Expenditure on R&D (GERD) intensity target achieved by 2029,...

Persistent link: https://www.econbiz.de/10012695182

A cohesion policy analysis for Romania towards the 2021-2027 programming period

Crucitti, Francesca; Lazarou, Nicholas-Joseph; Monfort, … - 2022

We present an analysis on cohesion policy investments in the regions of Romania using the spatial dynamic general equilibrium model RHOMOLO in order to provide useful insights on the 2021-2027 programmes and their implications for growth and development. The analysis is based on a hypothetical...

Persistent link: https://www.econbiz.de/10013256651