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Sources of convergence in the European Union: the case of Portugal

Pontes, José Pedro - ISEG - School of Economics and Management, Department … - 2001

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

Regional Convergence in Portugal in the context of the European Union

Pontes, José Pedro - ISEG - School of Economics and Management, Department … - 2000

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

Comparing Macroeconomic Returns on human and Public Capital: An Empirical Analysis of the Portuguese Case (1960-2001)

Aubyn, Miguel ST.; Pina, Álvaro - ISEG - School of Economics and Management, Department … - 2004

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

A Panel Data Analysis of the Brain Gain

Michel, BEINE; Cecily, DEFOORT; Frédéric, DOCQUIER - Institut de Recherche Économique et Sociale (IRES), … - 2007

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

Fighting poverty and child malnutrition: on the design of foreign aid policies

VASILAKIS, Chrysovalantis - Institut de Recherche Économique et Sociale (IRES), … - 2011

In this paper, we have developed a two-period overlapping-generation model featuring the effects of child nutrition in developing countries. The model gives rise to multiple equilibria including a poverty trap. It shows that child nutrition status may affect the development of human capital...

Persistent link: https://www.econbiz.de/10009350366

International Migration, Transfers of Norms and Home Country Fertility

Michel, BEINE; Frédéric, DOCQUIER; Maurice, SCHIFF - Institut de Recherche Économique et Sociale (IRES), … - 2008

This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, including a transfer of destination countries’ fertility norms and an incentive to acquire more...

Persistent link: https://www.econbiz.de/10004984844

Endogenous Growth and Regional Dynamics in an OLG Model with Land

Lionel, ARTIGE - Institut de Recherche Économique et Sociale (IRES), … - 2004

growth always lead to regional convergence. Physical capital mobility turns out to be an overwhelming convergence force. …

Persistent link: https://www.econbiz.de/10004984960

The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)

Afonso, António; Caiado, Jorge; Aubyn, Miguel St. - ISEG - School of Economics and Management, Department … - 2015

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

Anatomy of a fiscal débacle: the case of Portugal

Afonso, António - ISEG - School of Economics and Management, Department … - 2013

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

Public finances in Portugal: a brief longrun view

Afonso, António - ISEG - School of Economics and Management, Department … - 2007

This paper provides a succinct overview of long-run developments regarding public finances in Portugal with an emphasis on the spending side. Issues addressed are the excessive deficit experiences of Portugal, the past experience with fiscal consolidations, and labour cost competitiveness. It is...

Persistent link: https://www.econbiz.de/10005761286