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Markov or not Markov - this should be a question

Bickenbach, Frank; Bode, Eckhardt - 2001

Although it is well known that Markov process theory, frequently applied in the literature on income convergence …

Persistent link: https://www.econbiz.de/10010265521

Spatial effects of foreign direct investment in US states

Bode, Eckhardt; Nunnenkamp, Peter; Waldkirch, Andreas - 2009

This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...

Persistent link: https://www.econbiz.de/10010265244

Avoiding the trap: the dynamic interaction of North-South capital mobility and technology diffusion

Hübler, Michael - 2009

This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...

Persistent link: https://www.econbiz.de/10010263540

OLS-Estimation of conditional and unconditional sigma- and beta-convergence of per capita income: Implications of Solow-Swan and Ramsey-Cass models

Maurer, Rainer - 1995

section 2) and the implications of the Solow-Swan and Ramsey-Cass model for an OLS-estimation of beta- and sigma-convergence … unconditional sigma- and beta-convergence. The discussion of the statistical relations exhibits that based on the Cauchy …-Schwarz inequality it is possible to show that sigma-convergence implies necessarily beta-convergence but that beta-convergence is …

Persistent link: https://www.econbiz.de/10010275564

The optimal transfer of capital and embodied technologies to developing countries

Hübler, Michael; Lontzek, Thomas S. - 2009

intertemporal global welfare maximization. Convergence of the growth rates of technical change in the North and South always occurs …

Persistent link: https://www.econbiz.de/10010277868

The transmission of knowledge spillovers and its impact on regional economic growth

Dohse, Dirk - 1996

Endogeneous growth theory views externalities and particularly externalities associated with knowledge spillovers as the engine of economic growth. In some influential papers (e.g. Glaeser et al. 1992) it is argued that these knowledge spillovers do not transmit costlessly over space. Rather,...

Persistent link: https://www.econbiz.de/10010265313

Economic development and industrial concentration: An inverted U-curve

Junius, Karsten - 1996

This paper sets up an economic geography model to show the endogenous forces that determine the degree of industry concentration in the course of economic development. The model includes centrifugal forces, such as home market effects and access to intermediate suppliers, and centripetal forces,...

Persistent link: https://www.econbiz.de/10010275339

An estimated fiscal Taylor rule for the postwar United States

Reicher, Christopher Phillip - 2011

This paper documents the systematic response of postwar U.S. fiscal policy to fiscal imbalances and the business cycle using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal response to debt, while authorities seem reluctant to...

Persistent link: https://www.econbiz.de/10010274430

Does short-time work save jobs? A business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component...

Persistent link: https://www.econbiz.de/10010294349

Estimating simple fiscal policy reaction functions for the euro area countries

Plödt, Martin; Reicher, Claire - 2014

We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to the output gap, a response to the debt-GDP...

Persistent link: https://www.econbiz.de/10010330391