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Concerns are mounting over the potential for weak future growth as the Korean economy faces a wide range of structural issues including an aging society, a crisis in key regional industries, and the COVID-19 pandemic. Due to these concerns, the Korean government has established innovation growth...
Persistent link: https://www.econbiz.de/10014263108
The paper analyses the causal effect of capital subsidies on firms' efficiency and productivity by exploiting the conditions for a local random experiment created by Law 488/92 (henceforth L488), which has been an important policy instrument for reducing territorial disparities in Italy. The...
Persistent link: https://www.econbiz.de/10011481750
welfare argument. Moreover, different tax systems are compared with respect to the size of the subsidy needed for achieving a … adverse effects of subsidies can at least be alleviated. A proportional subsidy to capital increases the overall capital stock …, enabling to draw utility from a wider variety of goods. However, the regional effects are different: compared to the no-subsidy …
Persistent link: https://www.econbiz.de/10011572982
This paper contributes to the empirical literature by providing a quantitative measurement of the influence of regional trade integration on productivity. For this purpose we address the link between trade and productivity thanks to knowledge spillovers in a multi-country model. The...
Persistent link: https://www.econbiz.de/10010366570
Economic integration affects economic development through two main channels: growth and localization of the economic activities. The theories of endogenous growth and economic geography enable us to understand these mechanisms. We study in this paper their similarities and specificities before...
Persistent link: https://www.econbiz.de/10010366571
We use a model of combined endogenous growth and economic geography to study the impact of regional economic integration on the member and non-member countries of a regional union. Regional integration affects growth through interregional technology diffusion symbolized by knowledge spillovers...
Persistent link: https://www.econbiz.de/10010343970
This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the EU policy design by undertaking holistic, micro-founded and disaggregated policy impact assessment. The RHOMOLO model is based on the theories of general equilibrium,...
Persistent link: https://www.econbiz.de/10011524125
The emergence and growth of cities are shaped by both geographical features and institutional factors. We are able to analyze their interplay at different levels of the urban hierarchy by exploiting a unique data set on cities in imperial China from 221 BCE to 1911 CE, a geographically diverse...
Persistent link: https://www.econbiz.de/10013242529
Persistent link: https://www.econbiz.de/10003803336
Persistent link: https://www.econbiz.de/10011290849