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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
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Policies for Inclusive Urbanisation in China
Koen, Vincent; Herd, Richard; Wang, Xiao; Chalaux, Thomas - Economics Department, Organisation de Coopération et … - 2013
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10011276950
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Enhancing Income Convergence in Central Europe after EU Accession
Lenain, Patrick; Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2004
. Although convergence towards higher levels of income appears to be a distant prospect at current trend growth rates, this is … in this respect. While ... Renforcer la convergence des revenus en Europe Centrale après les adhesions à l … leur ont été très profitables. Même si la convergence vers des niveaux de revenu plus élevés semble une perspective …
Persistent link: https://www.econbiz.de/10005045850
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Is There Convergence of Russia's Regions?: Exploring the Empirical Evidence: 1995–2010
Lehmann, Hartmut; Silvagni, Maria Giulia - Economics Department, Organisation de Coopération et … - 2013
This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …
Persistent link: https://www.econbiz.de/10011276828
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Verzehrt Deutschland seinen staatlichen Kapitalstock?
Grömling, Michael; Hüther, Michael; Jung, Markos - In: Wirtschaftsdienst 99 (2019) 1, pp. 25-31
Eine moderne öffentliche Infrastruktur ist die Grundlage einer leistungsfähigen Volkswirtschaft. Immer wieder ist in diesem Kontext von einer öffentlichen Investitionsschwäche die Rede. Mitunter wird angesichts negativer Nettoinvestitionen oder eines stagnierenden öffentlichen...
Persistent link: https://www.econbiz.de/10012004742
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Finanzierung von Zukunftsinvestitionen: Pragmatische Lösungen sind gefragt
Schnitzer, Monika; Truger, Achim - In: Wirtschaftsdienst 102 (2022) 1, pp. 11-14
Since the new German federal government has imposed tight fiscal policy restrictions on itself, a pragmatic approach is needed to finance the spending requirements of the transformation. The financing instruments mentioned in the coalition agreement appears to be suitable in principle for...
Persistent link: https://www.econbiz.de/10013343008
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Eine Investitionsagenda für Deutschland
Barišić, Manuela; Krebs, Tom; Scheffel, Martin - In: Wirtschaftsdienst 98 (2018) 3, pp. 179-185
Der Koalitionsvertrag von Union und SPD enthält erste Schritte in Richtung einer Ausweitung der öffentlichen Investitionen in Bildung und Betreuung, Wohnungsbau und digitale Infrastruktur. Zusätzliche Investitionen in diesen drei Kernbereichen sind aus wirtschaftlicher und gesellschaftlicher...
Persistent link: https://www.econbiz.de/10012158437
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Verzehrt Deutschland seinen staatlichen Kapitalstock? – Replik und Erwiderung
Dullien, Sebastian; Rietzler, Katja; Grömling, Michael; … - In: Wirtschaftsdienst 99 (2019) 4, pp. 286-294
Im Januarheft 2019 veröffentlichte der Wirtschaftsdienst einen Aufsatz von Michael Grömling, Michael Hüther und Markos Jung dazu, wie der tatsächliche Umfang des öffentlichen Kapitalstocks gemessen werden sollte. Die Autoren vertreten dabei die Auffassung, dass der Fokus auf die Entwicklung...
Persistent link: https://www.econbiz.de/10012158529
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Portugal - Solid Foundations for a Sustainable Fiscal Consolidation
Haugh, David; Sorbe, Stéphane - Economics Department, Organisation de Coopération et … - 2012
Owing to slow growth and a relatively weak fiscal position, Portugal’s public debt had been rising for almost a decade when the global crisis struck, sharply increasing the deficit. The loss of confidence in Portuguese and other euro area sovereign bonds required international financial...
Persistent link: https://www.econbiz.de/10011277000