While there is ample evidence on the linkage between public debt and economic growth for national economies, far fewer investigations have been carried out at the subnational level. In this paper, we therefore study the long- and short-term relationship between regional public debt intensities...

In this paper, we study the long- and short-run relationship between regional public debt and economic performance for a sample of German federal states over the period of four decades (1970-2010). By choosing a sample of regional entities with comparable institutional settings, we complement...

Die Nettokreditaufnahme des Landes NRW ist laut Haushaltsabschluss 2011 im vergangenen Jahr von etwa 5,0 Mrd. € im Haushaltsjahr 2010 auf rund 3,2 Mrd. € gesunken. Sie lag damit deutlich unter den 4,8 Mrd. €, die von der Landesregierung in der ursprünglichen Haushaltsplanung veranschlagt...

For spatial data with a sufficiently long time dimension, the concept of «global» cointegration has been recently introduced to the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper,...

Private investment subsidies are a key instrument for regional policy making to foster the economic development in lagging regions. In this paper, we analyze their effect on labor productivity growth for German labor market regions for the period from 1994 to 2006. A spatially augmented...

Die Arbeit untersucht die kausale Beziehung zwischen regionalen Arbeitsmarktvariablen und internen Migrationsstömen für deutsche Bundesländer zwischen 1991–2006. Die Autoren verwenden ein VAR Modell mit Paneldaten zur Identifikation der Feedback Effekte zwischen den Variablen und zur...

Applied econometrics has recently emphasized the identification of causal parameters for policy analysis. This revolution has yet to fully propagate to the field of regional science. We examine the scope for application of the matching approach – part of the modern applied econometrics toolkit...