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Public investment and regional growth and convergence: Evidence from Greece

Psycharis, Yannis; Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2012

This paper estimates the impact of public investment on regional economic growth and convergence at the NUTS III level … capita on regional economic growth – but not on convergence – which also generates considerable spillover effects. However …

Persistent link: https://www.econbiz.de/10011084166

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

. Non-convergence traps are more likely when policies and institutions are endogenized, enabling beneficiaries of existing …

Persistent link: https://www.econbiz.de/10005789082

Growth, Distance to Frontier and Composition of Human Capital

Aghion, Philippe; Meghir, Costas; Vandenbussche, Jérôme - C.E.P.R. Discussion Papers - 2005

We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer to the technological frontier under the reasonable...

Persistent link: https://www.econbiz.de/10005792394

In Search of the Holy Grail: Policy Convergence, Experimentation and Economic Performance

Mukand, Sharun W.; Rodrik, Dani - C.E.P.R. Discussion Papers - 2002

We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...

Persistent link: https://www.econbiz.de/10005136734

Neoclassical Growth and Commodity Trade

Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002

countries. Moreover, it does not necessarily yield convergence in levels for identically parameterized economies. All in all …

Persistent link: https://www.econbiz.de/10005504435

Subjective Well-Being, Income, Economic Development and Growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10008684672

Structural Reforms and Regional Convergence

Che, Natasha Xingyuan; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2012

Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial … regional convergence. However, these reforms have mixed effects on the growth of regions closer to the country’s development … speeding up regional convergence increases national income. We also present a theoretical model to discuss these results. …

Persistent link: https://www.econbiz.de/10011084335

An African Growth Miracle?

Rodrik, Dani - C.E.P.R. Discussion Papers - 2014

Africa’s recent growth performance has raised expectations of a bright economic future for the continent after decades of decline. Yet there is a genuine question about whether Africa’s growth can be sustained, and if so, at what level. The balance of the evidence suggests caution on the...

Persistent link: https://www.econbiz.de/10011084672

Geopolitics, Aid and Growth

Dreher, Axel; Eichenauer, Vera; Gehring, Kai - C.E.P.R. Discussion Papers - 2014

We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries’ political motives might reduce the effectiveness of conditionality, channel aid to inferior projects, reduce the aid bureaucracy’s effort, and change the power structure in...

Persistent link: https://www.econbiz.de/10011083419

Governance and Growth

Gradstein, Mark - C.E.P.R. Discussion Papers - 2002

Because of its inappropriability, protection of property rights is widely recognized as being the state’s responsibility. Moreover, recent empirical evidence suggests that it leads to higher investment levels and faster growth. Nevertheless, the extent of property rights protection differs...

Persistent link: https://www.econbiz.de/10005788934