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Railways and the Local Economy : Evidence from Qingzang Railway
Wang, Yang - 2013
This paper empirically examines the causal effect of railway infrastructure on local economic development using the construction of Qingzang railway as a natural experiment. We apply the difference-in-difference method and find that the Qingzang railway significantly stimulated the economy of...
Persistent link: https://www.econbiz.de/10013082399
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The convergent evolution of Romania's Gross Domestic Product in relation to the average macro-economic result of the European Union countries
Necula, Raluca; Stoian, Mirela; Drăghici, Manea - In: Amfiteatru economic : an economic and business research … 18 (2016) 43, pp. 575-591
the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps … are calculated, using linear and quadratic functions, the Gross Domestic Product GDP trends, and, with the convergence …
Persistent link: https://www.econbiz.de/10011841832
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Public Infrastructure Investment, Output Dynamics, and Balanced Budget Fiscal Rules
Bom, Pedro - 2011
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10013121451
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Output Dynamics, Technology, and Public Investment
Bom, Pedro - 2010
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10013142370
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Output, Growth, and Convergence in a Creative Region : An Analysis of Some Measurement Issues
Batabyal, Amitrajeet A. - 2017
creative regions. We focus first (second) on absolute (relative) convergence. In the absolute (relative) convergence case, the … convergence case, we analyze how to estimate the speed of convergence parameter (σ) and then discuss the relationship between the … variance of y<sub>j</sub>(t) and that of y<sub>j</sub>(0). In the relative convergence case, we study the error associated with …
Persistent link: https://www.econbiz.de/10012964104
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Output, Growth, and Convergence in a Creative Region : An Analysis of Some Measurement Issues
Batabyal, Amitrajeet A. - 2017
regions. We focus first (second) on absolute (relative) convergence. In the absolute (relative) convergence case, the N … output per creative class member denoted by y^BGP (y_j^BGP ). In the absolute convergence case, we analyze how to estimate … the speed of convergence parameter (σ) and then discuss the relationship between the variance of y_j (t) and that of y …
Persistent link: https://www.econbiz.de/10012953087
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Output volatility and efficiency gains : evidence from Latin American gross value added
Hafner, Kurt - In: Journal of applied economics 24 (2021) 1, pp. 277-296
Based on gross value added (GVA) shares of economic activities from 1990 to 2014, the paper shows that convex growth-instability frontiers exist for 19 Latin American countries. Numerical simulations show that in 2011, Latin America's industry portfolios were below Markowitz's efficiency...
Persistent link: https://www.econbiz.de/10012588758
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Überakkumulation oder Investitionslücke?
Kellermann, Kersten; Schlag, Carsten-Henning - In: Wirtschaftsdienst 101 (2021) 12, pp. 964-970
In Volkswirtschaften wie der Schweiz, Deutschland oder den USA liegt das Zinsniveau r derzeit unter der langfristigen Wachstumsrate des Bruttoinlandsprodukts n. Dies wird oftmals als Indiz für Überakkumulation interpretiert, welcher durch eine Erhöhung des schuldenfinanzierten Staatskonsums...
Persistent link: https://www.econbiz.de/10013342996
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The robustness of the effects of public investment in infrastructure on private output : evidence for Germany
Kitlinski, Tobias - 2015
This paper investigates the effects of public investment in infrastructure on private output for Germany. Using a multivariate framework we explore the impact of a diverging selection of variables on the ensuing estimates and document confidence intervals computed following the bootstrap...
Persistent link: https://www.econbiz.de/10010532083
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An appraisal of fiscal policy measures and its implication for growth of the Nigerian economy : 1970 - 2009
Imoisi, Anthony Ilegbinosa - In: Advances in management & applied economics 3 (2013) 4, pp. 193-204
This research examines problems surrounding procedures of fiscal policy and their influence on economic growth in Nigeria from 1970 - 2009. Theory envisage that fiscal policy can impinge on economic growth by changing motivation for investment and labour as well as by altering after-tax proceeds...
Persistent link: https://www.econbiz.de/10009762664