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In this paper we find that public investment in durable goods has a positive effect on long-term economic performance in Portugal. We also find that these positive effects are not strong enough for public investment to pay for itself in the form of future tax revenues. Therefore, cuts in public...
Persistent link: https://www.econbiz.de/10005168596
Structural funds are the most intensively used policy instrument by the European Union to promote economic growth in its member states and to speed up the process of convergence. This paper empirically explores the effectiveness of European Structural Funds by means of a panel data analysis for...
Persistent link: https://www.econbiz.de/10005168755
Europe is at a crossroads. The enlargement with ten new members forces the European Union to reform its decision making … welfare states. Read also the accompanying <a href="http://www.cpb.nl/en/pressrelease/3213403/future-europe">press release … on the future of Europe. They serve as tools for analysing these questions. Moreover, the study elaborates on the policy …
Persistent link: https://www.econbiz.de/10005168771
A pervasive trend that characterised the past two decades of European economic growth is that the share in the economy of commercial services, and particularly business services, grows monotonically, and this mainly to the expensive of the manufacturing sector. The structural shift reflects a...
Persistent link: https://www.econbiz.de/10005168784
CPB's contribution to the EU's 2005 Competitiveness Report includes Worldscan simulations for several aspects of the EU's Lisbon Agenda. One of the simulations concerns the macroeconomic consequences of lowering the administrative burdens for companies throughout the EU. This paper provides...
Persistent link: https://www.econbiz.de/10005168792
The Lisbon strategy could reinvigorate Europe's economy and boost employment. In 2000 the European leaders agreed to … stimulate economic growth and employment and make Europe's economy the most competitive in the world. Read also the … accompanying <a href="http://www.cpb.nl/node/13365">press release</a>. If Europe would really reach the goals they set, Europe …
Persistent link: https://www.econbiz.de/10005168857
This study investigates the validity of the demand-pulling and the supply-leading hypotheses using annual data from 1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long-run relationship between financial development and economic growth. An...
Persistent link: https://www.econbiz.de/10005396225
initiatives are to build on the existing fabric of science and technology in Europe, we argue that understanding how networks …
Persistent link: https://www.econbiz.de/10005403558
paper, we present recent developments in labour markets in former communist countries in Europe, and we highlight the …
Persistent link: https://www.econbiz.de/10005404331
This note reports the results of field surveys of individuals and firms in Albania, carried out during 1998. The surveys were designed to analyse the extent of emigration from Albania during the 1990s and its causes and consequences. Our results show that emigrants are motivated mainly by the...
Persistent link: https://www.econbiz.de/10005404355