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Testing the convergence hypothesis for OECD countries : a reappraisal

Gadea, María Dolores; Sanz-Villarroya, Isabel - 2017

This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses … OECD countries, there are different clusters. The parameter representing the convergence hypothesis, despite being negative … convergence between the countries that belong to the upper quantiles. Moreover, 1960–1970 is highlighted as the period in which …

Persistent link: https://www.econbiz.de/10011629413

Does fiscal consolidation hurt economic growth? : empirical evidence from Spanish regions

Lago Peñas, Santiago; Vaquero-Garcia, Alberto; … - 2019

This article brings empirical evidence on the effect of fiscal consolidation in decentralized countries. The focus on Spain is justified by three reasons. First, it is one of the OECD countries most affected by the Great recession in terms of both GDP and public deficit. Second, Spain is one of...

Persistent link: https://www.econbiz.de/10012110762

A replication of "The long-run impact of foreign aid in 36 African countries: insights from multivariate time series analysis" (Oxford Bulletin of Economics and Statistics, 2014)

Roger, Lionel - 2019

Macroeconomic data have been shown to vary substantially between sources, especially so for low-income countries. While the impact of data revisions on inference is well documented for cross-country studies, there is no systematic analysis of the robustness of results obtained from time series...

Persistent link: https://www.econbiz.de/10012139181

The finance-growth nexus revisited : from origins to a modern theoretical landscape

Stolbov, Michail I. - 2013

The paper recounts the history of the finance-growth nexus research from its origins to the yearly 1990s. The contributions are analyzed in connection with the socioeconomic context and advances in economic theory. Many ideas first expressed decades ago are still subject to constant discussions...

Persistent link: https://www.econbiz.de/10009690768

Systematic fiscal policy and macroeconomic performance : a critical overview of the literature

Boeing-Reicher, Claire - 2014

The literature on systematic fiscal policy and macroeconomic performance in industrialized countries is large but fragmented. Based on a broad overview of that literature, several patterns emerge. First, the empirical literature points toward strongly anticyclical policy, which consists of...

Persistent link: https://www.econbiz.de/10010425062

Revenue and expenditure nexus : a case study of ECOWAS

Magazzino, Cosimo - 2013

This paper aims to assess the relationship among fiscal variables (government revenue and expenditure) in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in fifteen ECOWAS countries, a weak long-run relationship between government expenditure and revenue...

Persistent link: https://www.econbiz.de/10009728600