Showing 1 - 10 of 13
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
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
conditions that guarantee, in the long run, the convergence of the detrended capital across locations and those inducing spatial …
Persistent link: https://www.econbiz.de/10010779580
This paper casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. Results show that a total factor productivity shock within a standard real business cycle model is unsatisfactory. Introducing war expectations in the baseline model...
Persistent link: https://www.econbiz.de/10004984806
The aim of this paper is to discuss the process of regional convergence within the framework of an overlapping … education funding systems and compare their performance in terms of growth rates and pace of convergence between two …-off between long run growth rate and short run convergence. In such choice, the initial capital stock and the extent of regional …
Persistent link: https://www.econbiz.de/10004985103
convergence technologique et étudie comment la croissance économique affecte la spécialisation des régions. Les résultats d …'estimation montrent (i) une convergence (dé-spécialisation) des activités technologiques régionales. Les vitesses de dé … comme des facteurs de décélération de la vitesse de convergence technologique, (iii) l'effet de la croissance économique sur …
Persistent link: https://www.econbiz.de/10004985478
We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both...
Persistent link: https://www.econbiz.de/10011200172
After entering the EU in 1986, Portugal benefited from low interest rates and some growth momentum. However, the difficulty in taming fiscal imbalances, the pro-cyclicality of fiscal policy, the use of extraordinary fiscal measures, coupled with the 2008-2009 economic and financial crisis led to...
Persistent link: https://www.econbiz.de/10010603548