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This work analyzes whether monetary policy in advanced economies has differentiated effects on portfolio flows towards emerging economies coming from the US, the Euro Area and the UK. The results show the following: First, portfolio flows' response to US monetary policy events is vastly...
Persistent link: https://www.econbiz.de/10012166097
The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU average. Under the Objective 1 scheme, NUTS2 regions with a GDP per capita level below 75% of the EU average qualify for structural funds transfers from the central EU budget....
Persistent link: https://www.econbiz.de/10003803543
Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this...
Persistent link: https://www.econbiz.de/10013212842
, i.e. contribute to economic growth and convergence between EU countries and especially regions. A theoretical model … addressing the identified issues is needed to assess the impact of infrastructure on economic growth and convergence … a theoretical model for evaluating infrastructure impact on economic growth and convergence. Moreover, based on the …
Persistent link: https://www.econbiz.de/10013259322
convergence, East Germany, transition, economic growth … quickly with West Germany, mainly because the capital stock was modernised and expanded. Convergence, however, has almost come …
Persistent link: https://www.econbiz.de/10011821053
The speed of income convergence in Europe remains one of the hot topics in regional economics. Recently Bayesian Model …., Feldkircher, M. (2012), 'Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe', Journal of Applied …
Persistent link: https://www.econbiz.de/10011509195
We distinguish four types of regional growth regimes based on the type of relationship between new business formation and economic development. The distinguishing characteristics of these regime types are analyzed in order to identify the reasons for different growth performance. Although growth...
Persistent link: https://www.econbiz.de/10010477120
convergence in Europe. The empirical part of the study bases on the regional GDP pc and innovation indicators on the EU-27 NUTS2 … analysis method, three composite indicators of regional innovation capacity are extracted. Estimating convergence equations, we … regional income convergence is a policy target, additional policy measures beside innovation activities should be effectively …
Persistent link: https://www.econbiz.de/10013096316
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10014068117
The objective of this paper is to examine the nature and magnitude of the effects of infrastructure provision on regional economic performance. The empirical evidence of our analysis is based on difference-in-difference estimation linking the changes in the growth rate of regional-level economic...
Persistent link: https://www.econbiz.de/10011385223