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Is there convergence of Russia's regions? : exploring the empirical evidence : 1995-2010

Lehmann, Hartmut; Silvagni, Maria Giulia - 2013

This paper analyzes 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/10011730869

The contribution of universities to growth : empirical evidence for Italy

Carree, Martin Anthony; Della Malva, Antonio; … - 2011 - Version: October 21, 2011

New entrepreneurial ventures may represent a viable and effective mechanism to transform academic knowledge into regional economic growth. We test this notion for the Italian provinces between 2001 and 2006. We evaluate three outputs of academic activities: teaching, research and Intellectual...

Persistent link: https://www.econbiz.de/10011735131

Short-run regional forecasts : spatial models through varying cross-sectional and temporal dimensions

Mayor-Fernández, Matías; Patuelli, Roberto - 2012

In any economic analysis, regions or municipalities should not be regarded as isolated spatial units, but rather as highly interrelated small open economies. These spatial interrelations must be considered also when the aim is to forecast economic variables. For example, policy makers need...

Persistent link: https://www.econbiz.de/10011731365

Till labor cost do us part : on the long run convergence of EMU countries

Pancotto, Francesca; Pericoli, Filippo Maria - 2011

A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the survivorship of the monetary union. We analyze the issue focussing on unit labor cost dynamics using cointegration analysis for the whole economy and for the manufacturing sector...

Persistent link: https://www.econbiz.de/10011735051

The Italian geography of regional resilience : the role of cooperative firms

Costa, Michele; Delbono, Flavio - 2021

We investigate the economic resilience of the Italian regions between 2008 and 2019. We then calculate some indices of resistance as well as recovery for both real GDP per capita and employment. We show that during (and after) recessions such indices follow different patterns and the Southern...

Persistent link: https://www.econbiz.de/10012664702

Debt sustainability and economic convergence of euro-area Member States : challenges and solutions

Manasse, Paolo - 2015

This paper argues that fiscal convergence in the Euro area has been achieved at the expenses of real divergence in …

Persistent link: https://www.econbiz.de/10011714062

Potential output and fiscal rules in a monetary union under asymmetric information

Marattin, Luigi; Meraglia, Simone - 2015

We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...

Persistent link: https://www.econbiz.de/10011714310

The Euro-dividend : public debt and interest rates in the Monetary Union

Marattin, Luigi; Salotti, Simone - 2010

The ongoing massive fiscal policy stimulus triggered increasing concerns on the potential impact on interest rate levels, as economic theory predicts. Particularly, the deterioration of some EMU countries' fiscal positions has been putting at risk Eurozone' financial stability. In this paper, we...

Persistent link: https://www.econbiz.de/10011737884

Potential output and fiscal rules in a monetary union under asymmetric information - 2nd ed

Marattin, Luigi; Meraglia, Simone - 2016 - 2nd edition

We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...

Persistent link: https://www.econbiz.de/10011705510

Fiscal policy announcements of Italian governments and spread reaction during the sovereign debt crisis

Falagiarda, Matteo; Gregori, Wildmer Daniel - 2014

This paper attempts to evaluate the effects of fiscal policy announcements by the Italian government on the long-term sovereign bond spread of Italy relative to Germany. After collecting data on relevant fiscal policy announcements, we perform an econometric comparative analysis between the...

Persistent link: https://www.econbiz.de/10011729077