when spending on investment is best done by the government itself, and when public funds should be used to support … investment by the private sector. A key concept in this issue is the degree of external benefits, or spillovers, of investment …. These notions refer to the fact that sometimes a certain action by an economic agent results indirectly in productivity …

productivity growth in Europe, using the most recent Cambridge Econometrics regional database, EU KLEMS growth and productivity … accounts and EuroStat R&D data. We apply a reduced-form empirical specification for semi-endogenous productivity growth that … allows for differences in steady state income levels and long-run growth rates. Productivity growth in a region depends on …

What are the drivers of growth and convergence in productivity at regional level? Differences in the stock of human … exploiting a database covering European regions from 1995 to 2015, which includes regional total factor productivity (TFP …

The aim of the paper is to test the Benhabib and Spiegel (2005) productivity (TFP) catch-up framework on European …