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Quantifying the impact of current crisis on the convergence in EU and post-crisis scenarios

Albu, Lucian-Liviu - 2012

Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial … rate has a fundamental role. In the general process of economic development and in the context of convergence in EU for the …

Persistent link: https://www.econbiz.de/10011515567

Evaluating EU regional policy : many empirical specifications, one (unpleasant) result

Breidenbach, Philipp; Mitze, Timo; Schmidt, Christoph M. - 2011 - First draft: April 2011

Numerous studies have focused on the role of EU regional policy in fostering growth and convergence among European … policy, the boost of convergence and harmonic growth over the EU. They represent about two third of the whole European … cohesion policy. In our estimations we run a neoclassical convergence model in mainly four different specifications. On the one …

Persistent link: https://www.econbiz.de/10011536563

Engines of sectoral labor productivity growth

Bárány, Zsófia L.; Siegel, Christian - 2019

We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ workers of different occupations and various forms of capital, none of which are perfect substitutes, and technology evolves at the sector-factor cell level. Using the model we...

Persistent link: https://www.econbiz.de/10012307830

Stagnant wages, sectoral misallocation and slowing productivity growth

Schmöller, Michaela - 2019

I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...

Persistent link: https://www.econbiz.de/10012307862

On development paths minimizing the aggregate labor-reallocation costs in the threesector framework and an application to structural policy

Stijepic, Denis - 2019

Cross-sector labor reallocation is associated with costs at the micro level ranging from the costs of geographical relocation and skill change/adaptation to unemployment. We show that monotonous reallocation paths minimize the aggregate reallocation costs in the three-sector framework (relating...

Persistent link: https://www.econbiz.de/10012265652

Taxation, automation capital, and the functional income distribution

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2020 - Preliminary version: February 27, 2020

The functional income distribution in the US and most OECD countries has been characterized by an increasing capital income share and a declining wage share over the last decades. We present new evidence for the US economy that this fact is not only explained by technical change and...

Persistent link: https://www.econbiz.de/10012426258

Within and between panel cointegration in the German regional output-trade-FDI nexus

Mitze, Timo - 2010 - First version: May 2010; this version: October 2010

For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper, we...

Persistent link: https://www.econbiz.de/10011535894

Economic development of ultra small peripheral regions of West Europe : (case of Aland and Faroe islands)

Efimova, Elena G.; Kuznecova, Natalija P. - 2014

The article deals with the problem of West European and Nordic countries small economies as well as ultra-small autonomous territories of Alands and Faeroes island's development. The latter are considered as the <<competitive sub-peripheries> areas due to the special industrial organization development, stimulated by the...</<competitive>

Persistent link: https://www.econbiz.de/10011487059

The city as a small open economy

Hartwick, John M. - 2014

We set out a small, open economy model of a city, one with local housing, government production and a non-traded good. We observe that a positive shift in labor productivity in the export sector generally results in a larger, higher-wage and more densely settled city. Production of the local...

Persistent link: https://www.econbiz.de/10011505819

Does trade cause long-run development? : theory and evidence from countries behind the Suez channel

Gerritse, Michiel - 2015 - Preliminary

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

Persistent link: https://www.econbiz.de/10011478180

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