Similar Search Results

Patterns of convergence and Divergence in the Euro Area

Estrada García, Ángel; Galí, Jordi; Lopez-Salido, David - C.E.P.R. Discussion Papers - 2013

We study the extent of macroeconomic convergence/divergence among euro area countries. Our analysis focuses on four variables (unemployment, inflation, relative prices and the current account), and seeks to uncover the role played by monetary union as a convergence factor by using non-euro...

Persistent link: https://www.econbiz.de/10011083904

Nominal convergence

Iancu, Aurel - 2009

After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the...

Persistent link: https://www.econbiz.de/10010529098

The long-run effect of foreign direct investment on total factor productivity in developing countries: A panel cointegration analysis

Herzer, Dierk - 2015

This paper examines the long-run effect of the level of foreign direct investment (FDI) on the level of total factor productivity (TFP) for 70 developing countries for the period 1981-2011 using panel cointegration techniques. It is found that (i) FDI has, on average, a negative long-run effect...

Persistent link: https://www.econbiz.de/10011301423

TFP convergence across European regions.

Liberto, Adriana Di; Usai, Stefano - 2010

obtaining fast growth in TFP is not simple, it appears to be a key factor in achieving fast GDP per capita growth. They also …

Persistent link: https://www.econbiz.de/10011332395

A Bayesian approach to identifying and interpreting regional convergence clubs in Europe

Fischer, Manfred M.; LeSage, James P. - 2012

step involves identifying the number and composition of clubs using a space-time panel data model for annual income growth … assess how changes in the initial endowments of variables (that explain growth) impact regional income levels over time … thresholds for example), and using cross-sectional growth regressions for estimation and interpretation purposes. …

Persistent link: https://www.econbiz.de/10011340712

The EU, a Growth Engine? The Impact of European Integration on Economic Growth in Central Eastern Europe

Mann, Katja - 2015

taking place since the 1990's, affects their GDP growth. Based on an augmented Solow model, I estimate a convergence equation …-run growth bonus from integration, which is robust to alternative specifications of the regression equation and of the variables …

Persistent link: https://www.econbiz.de/10011345540

A Bayesian space-time approach to identifying and interpreting regional convergence clubs in Europe

Fischer, Manfred M.; LeSage, James P. - 2013

-time dynamic panel relationship between growth rates and initial levels of income as well as endowments of physical, knowledge and …

Persistent link: https://www.econbiz.de/10011397282

The return to foreign aid

Dalgaard, Carl-Johan; Hansen, Henrik - 2015

We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a...

Persistent link: https://www.econbiz.de/10011418572

Driving factors of growth in Hungary - a decomposition exercise

Kátay, Gábor; Wolf, Zoltán - 2008

utilization proxy. Based on a large panel of Hungarian manufacturing firms, we decompose value added growth to input factor …, capacity utilization and estimated TFP growth contributions. We find that using an hours worked proxy, the variance of the … growth mostly in periods when/after institutional reforms, privatization or FDI inflow took place and lost its importance …

Persistent link: https://www.econbiz.de/10010322437

Determination of total factor productivity in Italian regions

Ascari, Guido; Di Cosmo, Valeria - 2004

This paper investigates the determinants of TFP for Italian regions. We find strong evidence in favour of the factors commonly suggested by the theoretical literature. In particular, R&D expenditures and the number of researchers are positively related to regional TFP. Moreover, human capital is...

Persistent link: https://www.econbiz.de/10010326121