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The Direct and Indirect (Spillover) Effects of Productive Government Spending on State Economic Growth
Atems, Bebonchu - 2018
Using data on 48 contiguous U.S. states and a spatial econometric approach, this paper examines short- and long-run effects of productive higher education and highway infrastructure spending financed by different revenue sources on state economic growth. Following the Lagrange Multiplier, Wald,...
Persistent link: https://www.econbiz.de/10012912930
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Convergence in government spending components in EU15 : a spatial econometric perspective
Maleševic Perović, Lena; Golem, Silvia; Mihaljević … - In: Amfiteatru economic : an economic and business research … 18 (2016) 42, pp. 240-254
This paper contributes to the empirical literature on convergence by applying convergence model to components of …, we extend the traditional convergence model to allow for spatial correlation between countries in the sample, by … Education. More precisely, half-life convergence for Defence occurs in 6.37 years, for Health in 3.11 years and for Education in …
Persistent link: https://www.econbiz.de/10011843010
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Fiscal decentralisation, provincial economic growth and spillover effects : a spatial panel data analysis
Raza, Qasim; Hina, Hafsa - In: The Pakistan development review : PDR 55 (2016) 4, pp. 743-760
Persistent link: https://www.econbiz.de/10011670668
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Interregional inequality and federal expenditures and transfers in Russia
Torbenko, Alexander M. - 2014
The paper considers the influence of federal government expenditures and transfers on interregional convergence in … period in Russian regions there existed un- conditional beta-convergence, poor regions grew faster than rich ones. This …. Comparing our results to the results of previous research the process of interregional convergence in Russia can be seen. In the …
Persistent link: https://www.econbiz.de/10011504486
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Monetary and fiscal policy interactions in an emerging open economy : a Non-Ricardian DSGE approach
Algozhina, Aliya - 2012
The monetary and fiscal policy interactions have gained a new research interest after the 2008 crisis due to the global increase of fiscal debt. This paper constructs a macroeconomic model of joint fiscal and monetary policy for an emerging open economy taking into account its structural...
Persistent link: https://www.econbiz.de/10011374345
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The golden rule of public investment : a necessary and sufficient reform of the EU fiscal framework?
Truger, Achim - 2016
It is by now a widely shared insight that fiscal policy needs to be re-strengthened as a macroeconomic policy instrument within European macroeconomic policies: Recent experiences with austerity policies, new research regarding the size of the fiscal multiplier and the fact that monetary policy...
Persistent link: https://www.econbiz.de/10011477456
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Public debt consolidation and its distributional effects
Varthalitis, Petros; Sakkas, Stelios - 2019
We build a dynamic general equilibrium model with heterogeneous households, namely Rich and Poor, and capital skill complementarity structure in the production function, to study aggregate and distributional implications of fiscal consolidation policies when the government uses a rich set of...
Persistent link: https://www.econbiz.de/10012029011
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The impact of fiscal policy on profits
Katsimē, Margarita; Sarantides, Vassilis - 2009
This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our empirical method is based on a consistent treatment of the...
Persistent link: https://www.econbiz.de/10003898835
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A primer on public investment in Europe, old and new /
Perée, Eric; Välilä, Timo - 2007
We take stock of what is known about public investment in the member states of the European Union, old and new alike. The interesting features about the long-term evolution of public investment have been its downtrend in old EU member states, bar the cohesion countries, and its volatility in new...
Persistent link: https://www.econbiz.de/10008939528
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Productive government expenditure and economic growth
Irmen, Andreas; Kuehnel, Johanna - 2008
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10003747332