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How institutions shape the economic returns of public investment in European regions
Àlvarez Ayuso, Inmaculada; Barbero, Javier; Orea, Luis; … - 2023
In this paper, we examine the impact of institutional quality on the returns on key drivers of economic growth in 230 European Union (EU) NUTS-2 regions from 2009 to 2017. To estimate region-specific elasticities, we employ a latent class modelling approach, considering the quality of government...
Persistent link: https://www.econbiz.de/10014336610
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Fiscal rule and public investment in Chile
Fuentes S. M., J. Rodrigo; Schmidt-Hebbel, Klaus; Soto, … - 2021
This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial progress in building a modern institutional...
Persistent link: https://www.econbiz.de/10012586739
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Fiscal rules and public investment : the case of Peru, 2000-2019
Mendoza Bellido, Waldo; Vega, Marco; Rojas, Carlos; … - 2021
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...
Persistent link: https://www.econbiz.de/10012587002
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Measuring subnational economic complexity : an application with Spanish data
Pérez-Balsalobre, Santiago; Llano Verduras, Carlos; … - 2019
predictors of future GDP growth. These findings shed light on the determinants of regional convergence patterns. …
Persistent link: https://www.econbiz.de/10012030312
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Industrial clusters and economic performance in Brazil
Pires, José Claudio Linhares; Cravo, Túlio; Lodato, Simon - 2013
Industrial clusters, which are commonly targeted to receive financial support allocated to locally based development projects, are seen as an effective industrial policy tool for improving productivity and generating employment. Nevertheless, identifying clusters and assessing their economic...
Persistent link: https://www.econbiz.de/10011286278
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Estimating road transport costs between EU regions
Persyn, Damiaan; Díaz-Lanchas, Jorge; Barbero, Javier - 2019
Transport costs are a crucial element of any spatial economic model. Surprisingly, good transport cost estimates at a detailed spatial level for the EU are not readily available. In this paper we address this issue by estimating a novel dataset of road freight transport costs for goods for the...
Persistent link: https://www.econbiz.de/10011992499
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The determinants and dynamics of regional convergence in the EU
Arvanitopoulos, Theodoros; Lazarou, Nicholas-Joseph - 2023
In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 … stochastic convergence trajectories to assess the role of first nature geography, which is defined by variations in physical …, in causing economic growth convergence patterns. We find that western and northern parts of Europe have higher pairwise …
Persistent link: https://www.econbiz.de/10014308640
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The impact of Cohesion Policy 2007-2015 in EU regions : simulations with the RHOMOLO Interregional Dynamic General Equilibrium Model
Di Comite, Francesco; Lecca, Patrizio; Monfort, Philippe; … - 2018
In this paper we assess the system-wide economic impact of the key financial instruments adopted by the European Union for the implementation of the regional policy: The Structural funds and The Cohesion Funds. We take a bottom-up approach by aggregating the 86 categories of expenditures defined...
Persistent link: https://www.econbiz.de/10011981477
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The RHOMOLO economic impact assessment of the R&I and Low-Carbon ERDF Investment programme in Apulia, Italy
Di Comite, Francesco; Diukanova, Olga; Mandras, Giovanni; … - 2018
In this note we present the economic impact assessment of the European Regional Development Fund (ERDF) for thematic objectives TO1 "Research and innovation" and TO4 "Low-carbon economy" in the region of Apulia, Italy. The results are based on the RHOMOLO-IO demand multiplier analysis and on...
Persistent link: https://www.econbiz.de/10011981489
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Identifying and disentangling the impact of fiscal decentralization on economic growth
Canavire-Bacarreza, Gustavo; Martinez-Vazquez, Jorge; … - 2019
This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity issue stemming from reverse causality and unobserved factors that has plagued previous extensive literature on this subject. In our approach, we use the Geographic Fragmentation...
Persistent link: https://www.econbiz.de/10012107011