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The effects of the EU Cohesion Policy on regional economic growth : using structural equation modelling for impact assessment
Maucorps, Ambre; Jestl, Stefan; Römisch, Roman - 2020
This paper analyses the effects of the EU Cohesion Policy (CP) on the economic growth of 276 European NUTS-2 regions between 2008 and 2016. Using a structural equation model (SEM) consisting of both a measurement component (with two latent variables) and a structural component, we estimate the...
Persistent link: https://www.econbiz.de/10012264978
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On the economic effects of a reallocation of EU cohesion policy expenditures
Jestl, Stefan; Römisch, Roman - 2020
-run convergence and short-run economic performance. …
Persistent link: https://www.econbiz.de/10012264955
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The impact of public expenditures in education, health, and infrastructure on economic growth and income distribution in Peru
Baca Campodónico, Jorge F.; Peschiera Cassinelli, Jorge R. - 2014
The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with comprehensive structural adjustment, which has attracted substantial foreign investment, are regarded as the pillars of this success. Notwithstanding the advances experienced on...
Persistent link: https://www.econbiz.de/10011285046
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Growth-friendly fiscal rules? : safeguarding public investment from budget cuts through fiscal rule design
Ardanaz, Martín; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2020
We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...
Persistent link: https://www.econbiz.de/10012167402
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The output effects of fiscal consolidations : does spending composition matter?
Ardanaz, Martin; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2021
This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average,...
Persistent link: https://www.econbiz.de/10014516596
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Is EMU a triggering factor for convergence or not? Empirical evidence using Phillips and Sul methodology
MIHUȚ, Ioana Sorina - In: Theoretical and Applied Economics 6(595)(supplement) (2014) 6(595)(supplement), pp. 273-285
economies. This lead to the need for what the economists call sustainable convergence, whether we refer to the institutional …, legal, fiscal or monetary framework. This paper aims to investigate to current degree of convergence between the members of … economies. The obtained results confirm the convergence hypothesis between the new member states of the European Union, with …
Persistent link: https://www.econbiz.de/10011004921
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ROMANIA ON THE WAY OF EURO ADOPTION
Dumitru, Ionuţ; Jianu, Ionela - In: Theoretical and Applied Economics 3(580)(supplement) (2013) 3(580)(supplement), pp. 431-443
Based on optimal currency area (OCA) criteria, this paper is assessing the real convergence process in Romania from the …. The main conclusion of our paper is the fact that Romania still needs time to progress on the real convergence criteria in …
Persistent link: https://www.econbiz.de/10011004987
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Does convergence of incomes still exist among developed economies? Time series evidence in G7 countries
SOLARIN, Sakiru Adebola - In: Theoretical and Applied Economics XVIII(2013) (2013) 12(589), pp. 57-66
In this paper, we examine the presence of convergence of real per capita incomes in G7 countries for the period of 1870 … break(s) are utilised to verify incidence of stochastic convergence, a necessary condition for conditional convergence …, while Carlino and Mills (1993) method is employed to confirm the existence of β-convergence, a sufficient requirement for …
Persistent link: https://www.econbiz.de/10011005004
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Controversies in the Debate Regarding Economic Convergence
Stanciu, Marieta; Puiu, Carmen - In: Theoretical and Applied Economics 02(531) (2009) 02(531), pp. 73-78
Countries from Central and Eastern Europe face some specific challenges for poor countries: still fragile institutions, a social cohesion under a lot of pressures, inequalities in rapid growth(1), endemic corruption etc. That is why these countries must prepare public policies that should try to...
Persistent link: https://www.econbiz.de/10005099687
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REGIONAL DEVELOPMENT PROGRAM. PRESENT STATE OF ISPA PROGRAM AND PERSPECTIVES FOR ROMANIA
Calinescu, Daniela - In: Theoretical and Applied Economics 11(528)(supplement) (2008) 11(528)(supplement), pp. 72-78
making for regional development, having as goal the unique convergence at European levels, one must take into account the …
Persistent link: https://www.econbiz.de/10005099713