Struggles over what a region receives, or should receive, from the budget of the central government are common to many countries. Discussions often focus on the measures of ‘net fiscal flows’ or ‘fiscal balances’ provided by the government or other actors. This unique...

Desde que existen las comunidades autónomas no ha cesado el debate entorno a su modelo de financiación. ¿Es una historia interminable? Es evidente que el contexto económico, político y social es cada vez más cambiante y las políticas, modelos e instrumentos tienen que ir adaptándose a...

The purpose of this paper is twofold. First, we study the allocation of European Union (EU) expenditure in Research and Development (R&D) across European regions. Second, we focus on the effects of this variable on regional per capita GDP levels, and on regional growth rates. Using...

Recent contributions to the literature on public choice have examined the effects of regional fiscal balances and unsuitable decentralization mechanisms on the capability of regional governments to make expenditure decisions. We focus on Spanish regional case. Our results suggest that, given the...

Growth literature has considered the existence of groups of economies which have been termed convergence clubs. Literature confirms their existence for European regional case. This paper has focused on how conditioning factors are influencing European regional GDPpc distribution. The estimation...

Purpose: The purpose of this paper is to analyse the decision to export in relation to financial issues, specifically the impact of corporate financial structure on a firm’s export propensity (the likelihood of a firm becoming an exporter) by firm size. Design/methodology/approach: A...