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Many studies have focused on spatial patterns in economic growth. For the case of Europe, these studies have indicated that growth is spatially dependent and that clustering as well as de-clustering are parts of economic development processes. The distribution dynamics approach has revealed...
Persistent link: https://www.econbiz.de/10011570758
Using census-type data of Hungarian firms, we test the Marshall-Arrow-Romer (MAR) hypothesis on the impact of agglomeration economies on regional economic growth. The results suggest that MAR type of local knowledge externalities have a significant positive impact on TFP growth. However, initial...
Persistent link: https://www.econbiz.de/10013087857
Regional economies in emerging countries vary greatly in terms of their global integration. External shocks, therefore, require adjustment mechanisms that reflect local conditions. This paper focuses on the role of real exchange rates (RER) in the economic performance of regions. In particular,...
Persistent link: https://www.econbiz.de/10013219415
We examine the mechanism by which human capital affects economic growth and convergence, using provincial level panel data from China. We specify alternative measures of human capital and apply them to an enhanced growth model which we estimate parametrically, nonparametrically, and with a...
Persistent link: https://www.econbiz.de/10011993244
In the first five months of 2018, socio-economic dynamic improved; however, there was no sustainable growth in most regions. Russian territories' budgets have also improved: in the course of presidential elections, regional transfers have substantially grown, and so have social expenditures
Persistent link: https://www.econbiz.de/10012912873
This paper discusses regional development patterns in China, and examines effective ways of using development aid to attain regional balanced growth through optimizing growth spillover effects. Based on provincial panel data from 1978 to 99, the paper constructs an indicator "neighbor...
Persistent link: https://www.econbiz.de/10014063775
This paper analyzes whether the expansion of regional airports in Germany caused positive spillover effects on the surrounding economies, exploiting the deregulation of the European aviation market as a quasi-experiment. Such potential spillovers are often used as an argument for the substantial...
Persistent link: https://www.econbiz.de/10010519169
This paper examines the empirical relationship between agglomeration and economic growth for a panel of 48 Central and Eastern European regions from 1995 to 2006. By agglomeration, we mean the within-regional concentration of aggregate economic activity, which we measure using the 'topographic'...
Persistent link: https://www.econbiz.de/10011506442
The impact of structural funds of the European Union (EU) on regional economic growth is a matter of both political and economic importance. The large and regular payments made across the EU to countries and regions within them were and are meant to promote various aspects of growth and...
Persistent link: https://www.econbiz.de/10012886384
capital. Also, we get mixed results on which types of infrastructure are most effective. Overall, investment in transportation …
Persistent link: https://www.econbiz.de/10014155078