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Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...
Persistent link: https://www.econbiz.de/10010494582
Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...
Persistent link: https://www.econbiz.de/10010359973
In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four …
Persistent link: https://www.econbiz.de/10005345043
We revisit the debt overhang question. We first use non-parametric techniques to isolate a panel of countries on the … downward sloping section of a debt Laffer curve. In particular, overhang countries are ones where a threshold level of debt is … reached in sample, beyond which (initial) debt ends up lowering (subsequent)growth. On average, significantly negative …
Persistent link: https://www.econbiz.de/10005707944
Structural funds are the most intensively used policy instrument by the European Union to promote economic growth in its member states and to speed up the process of convergence. This paper empirically explores the effectiveness of European Structural Funds by means of a panel data analysis for...
Persistent link: https://www.econbiz.de/10005168755
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