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Do the "smart kids" catch up? : technological capabilities, globalisation and economic growth
Gräbner-Radkowitsch, Claudius; Heimberger, Philipp; … - 2020
This paper analyses the impact of technological capabilities on convergence. While looking at the relevance of … income, we provide econometric tests on the role of technology in determining convergence outcomes in a growth regression …-2014. Our results show that convergence is conditional on technological capabilities. This finding is robust to controlling for …
Persistent link: https://www.econbiz.de/10012390142
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Do the "smart kids" catch up? : technological capabilities, globalisation and economic growth
Gräbner-Radkowitsch, Claudius; Heimberger, Philipp; … - 2020
This paper analyses the impact of technological capabilities on convergence. While looking at the relevance of … income, we provide econometric tests on the role of technology in determining convergence outcomes in a growth regression …-2014. Our results show that convergence is conditional on technological capabilities. This finding is robust to controlling for …
Persistent link: https://www.econbiz.de/10012391988
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The cyclical behaviour of fiscal policy during the Covid-19 crisis
Heimberger, Philipp - 2022
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10014304201
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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...
Persistent link: https://www.econbiz.de/10011778844
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What's "structural" about unemployment in Europe : on the determinants of the European Commission's NAIRU estimates
Heimberger, Philipp; Kapeller, Jakob; Schütz, Bernhard - 2016
This paper analyzes the determinants of the European Commission's NAIRU estimates for 14 European OECD countries during 1985-2012. The NAIRU is a poor proxy for 'structural unemployment': Labor market institutions - employment protection legislation, union density, tax wedge, minimum wages -...
Persistent link: https://www.econbiz.de/10011779361
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The dynamic effects of fiscal consolidation episodes on income inequality : evidence for 17 OECD Countries over 1978-2013
Heimberger, Philipp - 2018
Using an annual data set covering 17 OECD countries over the time period 1978-2013, this paper analyzes the dynamic effects of fiscal consolidation episodes on income inequality in the short- and medium-run. By estimating impulse response functions from local projections, we find that fiscal...
Persistent link: https://www.econbiz.de/10011844719
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The cyclical behaviour of government spending for social protection : is the OECD methodology robust?
Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2023
Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of...
Persistent link: https://www.econbiz.de/10014445966
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Do interest-growth differentials affect fiscal policy? : evidence for advanced economies
Heimberger, Philipp - 2023
This paper analyses the link between discretionary fiscal policy and interest-growth differentials (r-g). Panel regressions based on a dataset for 20 advanced countries over the years 1990-2019 reveal no evidence of a systematic linear relationship between fiscal policy and r-g. However, more...
Persistent link: https://www.econbiz.de/10014382638
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The cyclical behaviour of fiscal policy during the Covid-19 crisis
Heimberger, Philipp - 2022
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10013373264