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Enhancing Income Convergence in Central Europe after EU Accession

Lenain, Patrick - 2004

. Although convergence towards higher levels of income appears to be a distant prospect at current trend growth rates, this is …

Persistent link: https://www.econbiz.de/10012446298

Regulation, Competition and Productivity Convergence

Conway, Paul; de Rosa, Donato; Nicoletti, Giuseppe; … - 2006

This paper investigates the effect of product market regulations on the international diffusion of productivity shocks. The empirical results indicate that restrictive product market regulations slow the process of adjustment through which best practice production techniques diffuse across...

Persistent link: https://www.econbiz.de/10012446836

Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries

Arnold, Jens - 2007

convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …

Persistent link: https://www.econbiz.de/10012446905

Enhancing regional convergence in the European Union

Pina, Álvaro - 2021

Progress in regional convergence in the EU has been uneven over the last two decades. While Central and Eastern Europe …, within most countries, gaps between large cities and rural areas have widened. Some challenges to convergence have stemmed …

Persistent link: https://www.econbiz.de/10012801148

Fostering cyclical convergence in the Euro Area

Gori, Filippo - 2021

convergence in the currency union. …

Persistent link: https://www.econbiz.de/10012801162

Short-Term Pain for Long-Term Gain : The Impact of Structural Reform on Fiscal of Outcomes in EMU

van den Noord, Paul - 2006

The 2005 reform of the EU Stability and Growth Pact has provided leeway for governments to let their fiscal deficit temporarily breach the 3% rule to finance the immediate budgetary cost of structural reform, such as compensation schemes to offset redistributive effects. Against this backdrop,...

Persistent link: https://www.econbiz.de/10012443961

Catching-up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits

Égert, Balázs - 2010

periods of very fast growth. We interpret these results as a sign that price level convergence comes from goods, market and …

Persistent link: https://www.econbiz.de/10012444720

The Effects of Fiscal Policy on Output : A DSGE Analysis

Furceri, Davide - 2010

This paper examines the effects of fiscal policy on output in the euro area. For this purpose we develop a DSGE Fiscal Model with endogenous government bond yields to assess the impact of different fiscal policy shocks on output, its components and on government debt. The simulations suggest...

Persistent link: https://www.econbiz.de/10012446129

Enhancing the Effectiveness of Public Spending: Experience in OECD Countries

Joumard, Isabelle; Kongsrud, Per Mathis; Nam, Young-Sook; … - Economics Department, Organisation de Coopération et … - 2004

In most OECD countries, public spending rose steadily as a share of GDP over the past decades to the mid-1990s, but this trend has since abated. The spending pressures stemming from the continued expansion of social programmes have been partly compensated by transient or one-off factors....

Persistent link: https://www.econbiz.de/10005045600

Managing Public Expenditure: The UK Approach

Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2002

The UK medium-term budgetary framework introduced in 1997 addressed a number of weaknesses of the former regime, notably a bias against capital expenditure and, more generally, poor conditions for longerterm planning adversely affecting central government spending departments, local authorities...

Persistent link: https://www.econbiz.de/10005045652