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The role of fiscal transfers for regional economic convergence in Europe
Checherita-Westphal, Cristina; Nickel, Christiane; … - 2009
-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …, while achieving regional redistribution, seem to impede output growth and promote an “immiserising convergence”: output …
Persistent link: https://www.econbiz.de/10011605075
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Policies for Inclusive Urbanisation in China
Koen, Vincent; Herd, Richard; Wang, Xiao; Chalaux, Thomas - Economics Department, Organisation de Coopération et … - 2013
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10011276950
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Inflation, factor substitution and growth
Klump, Rainer - 2003
Persistent link: https://www.econbiz.de/10011604326
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Enhancing Income Convergence in Central Europe after EU Accession
Lenain, Patrick; Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2004
. Although convergence towards higher levels of income appears to be a distant prospect at current trend growth rates, this is … in this respect. While ... Renforcer la convergence des revenus en Europe Centrale après les adhesions à l … leur ont été très profitables. Même si la convergence vers des niveaux de revenu plus élevés semble une perspective …
Persistent link: https://www.econbiz.de/10005045850
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Is There Convergence of Russia's Regions?: Exploring the Empirical Evidence: 1995–2010
Lehmann, Hartmut; Silvagni, Maria Giulia - Economics Department, Organisation de Coopération et … - 2013
This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …
Persistent link: https://www.econbiz.de/10011276828
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Fiscal Prospects and Reforms in India
Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011
Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
Persistent link: https://www.econbiz.de/10009364448
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The effects of government spending in a small open economy within a monetary union
Clancy, Daragh; Jacquinot, Pascal; Lozej, Matija - 2014
Small open economies within a monetary union have a limited range of stabilisation tools, as area-wide nominal interest and exchange rates do not respond to country-specific shocks. Such limitations imply that imbalances can be difficult to resolve. We assess the role that government spending...
Persistent link: https://www.econbiz.de/10011605772
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Portugal - Solid Foundations for a Sustainable Fiscal Consolidation
Haugh, David; Sorbe, Stéphane - Economics Department, Organisation de Coopération et … - 2012
Owing to slow growth and a relatively weak fiscal position, Portugal’s public debt had been rising for almost a decade when the global crisis struck, sharply increasing the deficit. The loss of confidence in Portuguese and other euro area sovereign bonds required international financial...
Persistent link: https://www.econbiz.de/10011277000
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Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia
Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013
The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...
Persistent link: https://www.econbiz.de/10011277021