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This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10011342567
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/10011090750
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/10011090760
In this paper, the Schumpeterian growth model developed by Ertur and Koch (2011) that includes spatial interactions between units of observation working via R&D spillovers is presented in detail. The implications of this model and three additional growth models with and without spatial...
Persistent link: https://www.econbiz.de/10011379935
Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...
Persistent link: https://www.econbiz.de/10011477128
Persistent link: https://www.econbiz.de/10011870739
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/10012588921
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
convergence in Europe. The empirical part of the study bases on the regional GDP pc and innovation indicators on the EU-27 NUTS2 … additional 20% are country specific factors. Estimating convergence equations, we noticed that regional innovations tend to … increase inter-regional differences, at least during the short-run period. Thus, if regional income convergence is a policy …
Persistent link: https://www.econbiz.de/10011522577
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