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Persistent link: https://www.econbiz.de/10011037071
Persistent link: https://www.econbiz.de/10011037430
This article investigates the degree of persistence of different inflation rates for the Spanish economy using the Consumer Price Index (CPI) for the aggregate as well as for the regions, provinces and eight groups of goods and services, in addition to the Producer Price Index (PPI) for the...
Persistent link: https://www.econbiz.de/10010971277
B<sc>adunenko</sc> O. and R<sc>omero-</sc>Á<sc>vila</sc> D. Productivity growth across Spanish regions and industries: a production-frontier approach, <italic>Regional Studies</italic>. This paper decomposes labour productivity growth into components attributable to technological change, technological catch-up, capital deepening and...
Persistent link: https://www.econbiz.de/10010976898
Corruption is harmful for public finances and appears closely related to fiscal deficits. We open a new avenue in addressing the effects of corruption on public deficits through fiscal decentralization. For a sample of 31 OECD countries over the period 1986–2010, we find that fiscal...
Persistent link: https://www.econbiz.de/10011056289
The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time considered in our study (1955.1-1978.6, 1978.7-2014.4). We point to a long list of institutional and economic changes, at national and international levels, as the potential...
Persistent link: https://www.econbiz.de/10011994312
Summary This paper presents an investigation of the unit root hypothesis for per capita real GDP series in 46 African countries from Maddison (2003) over the period spreading during 1950 and 2001. Toward this end, we employ highly flexible panel techniques which incorporate multiple mean and...
Persistent link: https://www.econbiz.de/10004973731
This paper investigates several issues concerning persistence of inequalities of relative income per capita among the Spanish regions over the period 1980 to 2002. For that purpose we take a Bayesian approach which extends the work by Canova and Marcet. First, we study to what extent there...
Persistent link: https://www.econbiz.de/10008576983
This paper investigates the hypothesis of a unit root in output for four panels of real gross domestic product (GDP) and real GDP per capita series in the Organization for Economic Co-operation and Development (OECD). For that purpose, a panel stationarity test is employed that assumes a highly...
Persistent link: https://www.econbiz.de/10005548405
In this paper, we investigate the existence of infrequent shocks and the degree of persistence of U.S. state unemployment over the period 1976–2004. We first apply individual Lagrange multiplier (LM) unit root tests and fail to reject the hysteresis hypothesis in forty states. When two changes...
Persistent link: https://www.econbiz.de/10005562228