Showing 1 - 10 of 96
The paper surveys the main trends of per capita income convergence in the European Union. It stresses that income … disparities have ceased to diminish across the European regions since 1980, although convergence between countries has continued … behind income convergence are analized by means of the decomposition of per capita income in labor productivity and …
Persistent link: https://www.econbiz.de/10005463756
Main trends of per capita income convergence in Portugal and the European Union are surveyed. An explanation is given … to the fact that in the last two decades countries have converged, while no visible convergence has taken place among the … distribution of the stock of existing firms in the European Union is fixed, it is assumed that the degree of convergence follows …
Persistent link: https://www.econbiz.de/10005463763
in Spain and its regions and investigates the impact of this factor on the process of regional convergence in income per …
Persistent link: https://www.econbiz.de/10005168471
In a recent article Chen et al. (2005) analyse the role of government expenditure in an imperfectly competitive static model, introducing a government-expenditure externality through the production function. Our purpose in the present paper is to argue that the claim from the authors that their...
Persistent link: https://www.econbiz.de/10005628398
This paper develops a simple model that can be used to estimate the effectiveness of Cohesion expenditure relative to similar but unsubsidized projects, thereby making it possible to explicitly test an important assumption that is often implicit in estimates of the impact of Cohesion policies....
Persistent link: https://www.econbiz.de/10008615451
The relationship between infrastructures and productivity has been the subject of an ongoing debate during the last two decades. The available empirical evidence is inconclusive and its interpretation is complicated by econometric problems that have not been fully solved. This paper surveys the...
Persistent link: https://www.econbiz.de/10008494153
The impact of human and public capital on growth is a major issue in economic theory and in policy evaluation. Using a cointegrated VAR, we estimate a Cobb-Douglas production function for Portugal with public and human capital. Return rates are then computed with and without dynamic feedbacks....
Persistent link: https://www.econbiz.de/10005592992
results also point to the existence of a quite slow convergence process across EU countries during the period analysed, as …
Persistent link: https://www.econbiz.de/10008853349
Recent estimates of convergence equations using panel data techniques tend to produce theoretically unpalatable results … very high convergence coefficient obtained in these studies) may be partly due to the difficulty of empirically separating …
Persistent link: https://www.econbiz.de/10005168433
This paper surveys the recent literature on convergence across countries and regions. I discuss the main convergence … exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence …
Persistent link: https://www.econbiz.de/10005168472