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South-North convergence from a new perspective

Hübler, Michael - 2013

-North convergence based on North-South technology diffusion through intermediate goods trade is guaranteed if the knowledge effect … dominates the productivity effect. Moreover, a larger Southern market expands the area of convergence and can prevent divergence … convergence is desirable for both, the South and the North. …

Persistent link: https://www.econbiz.de/10010204037

Regional stabilization by fiscal equalization? : theoretical considerations and empirical evidence from Germany

Büttner, Thiess - 1999

In the context of EMU fiscal equalization schemes have been proposed as a means to stabilize regions against asymmetric shocks. A theoretical analysis shows that besides reducing the cross-sectional income variance the redistributive element of fiscal equalization causes incentive effects for...

Persistent link: https://www.econbiz.de/10011442662

Public investment in R&D in reaction to economic crises : a longitudinal study for OECD countries

Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, … - 2018

The paper investigates the reaction of public R&D spending on economic crises. We are interested in two counteracting motives: On the one hand, public R&D spending can be seen as a means to fight the crisis, and governments may decide to increase their R&D budgets. On the other hand, a crisis...

Persistent link: https://www.econbiz.de/10011790390

An integrated assessment model with endogenous growth

Hübler, Michael; Baumstark, Lavinia; Leimbach, Marian; … - 2012

We introduce endogenous directed technical change into numerical integrated climate and development policy assessment. We distinguish expenditures on innovation (R&D) and imitation (international technology spillovers) and consider the role of capital investment in creating and implementing new...

Persistent link: https://www.econbiz.de/10009656602

Fiscal policy and growth with complementarities and constraints on government

Misch, Florian; Gemmell, Norman; Kneller, Richard - 2011

This paper considers the implications of complementarity in private production and constraints on government for optimal fiscal policy. Using an endogenous growth model with public finance, it derives three central results which modify findings in the literature under standard assumptions....

Persistent link: https://www.econbiz.de/10008901822

Growth and welfare maximization in models of public finance and endogenous growth

Misch, Florian; Gemmell, Norman; Kneller, Richard - 2011

This paper evaluates the trade-off between growth and welfare maximization from two perspectives. Firstly, it synthesizes and extends endogenous growth models with public finance to compare growth and welfare maximizing tax rates. Secondly, it examines the distinct model outcomes in terms of...

Persistent link: https://www.econbiz.de/10009159871

Using surveys of business perceptions as a guide to growth-enhancing fiscal reforms

Misch, Florian; Gemmell, Norman; Kneller, Richard - 2013

This paper assesses the merits of using surveys of business perceptions of growth constraints as a guide to growth-enhancing fiscal policy reforms. Using endogenous growth models in which the government levies an income tax to provide public inputs to the production of private firms, the paper...

Persistent link: https://www.econbiz.de/10009721399

The long-run effect of fiscal consolidation on economic growth : evidence from quantitative case studies

Kleis, Mischa; Moessinger, Marc-Daniel - 2016

We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of fiscal consolidations based on an examination of historical policy documents and using...

Persistent link: https://www.econbiz.de/10011490895

What does ex-post evidence tell us about the output effects of future tax reforms?

Kneller, Richard; Misch, Florian - 2011

This paper reviews the existing evidence on the effects of tax reforms on output levels and growth over the short and long run from different strands of the literature. It develops and applies criteria to evaluate the usefulness of ex-post estimates to predict the effects of tax reforms ex-ante....

Persistent link: https://www.econbiz.de/10008938016

The long-run effect of fiscal consolidation on economic growth : evidence from quantitative case studies

Kleis, Mischa; Moessinger, Marc-Daniel - 2016 - This version: November 2016

Persistent link: https://www.econbiz.de/10011576967