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The Macroeconomic Effects of Public Debt : An Empirical Analysis of Mozambique
Afonso, António - 2018
Public debt has been rising markedly over the years, which suggests an increase in public expenditure financed by debt instead of taxation. There is no consensus on the economic implications of borrowing to finance public expenditure. We assess empirically the macroeconomic effects of public...
Persistent link: https://www.econbiz.de/10012926793
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Is Public Investment in Construction and in R&D, Growth Enhancing? A PVAR Approach
Afonso, António; de Sá Fortes Leitao Rodrigues, Eduardo - 2022
We study the impacts of public investment, notably in construction and in R&D on economic growth and of crowding-out effects on private investment. For this purpose, we use Panel Vector Autoregression (PVAR) models and the Generalised Method of Moments (GMM) approach for 40 advanced and emerging...
Persistent link: https://www.econbiz.de/10013470307
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Is public investment in construction and in R&D, growth enhancing? : a PVAR approach
Afonso, António; Rodrigues, Eduardo de Sá Fortes Leitão - 2022
We study the impacts of public investment, notably in construction and in R&D on economic growth and of crowding-out effects on private investment. For this purpose, we use Panel Vector Autoregression (PVAR) models and the Generalised Method of Moments (GMM) approach for 40 advanced and emerging...
Persistent link: https://www.econbiz.de/10013426082
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Is Public Investment in Construction and in R&D, Growth Enhancing? A PVAR Approach
Afonso, António; Sá Fortes Leitao Rodrigues, Eduardo de - 2022
We study the impacts of public investment, notably in construction and in R&D on economic growth and of crowding-out effects on private investment. For this purpose, we use Panel Vector Autoregression (PVAR) models and the Generalised Method of Moments (GMM) approach for 40 advanced and emerging...
Persistent link: https://www.econbiz.de/10014242792
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Convergence in Provincial-Level South African House Prices: Evidence from the Club Convergence and Clustering Procedure
Apergis, Nicholas; Simo-Kengne, Beatrice D.; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2013
convergence and clustering procedure of Phillips and Sul (2007). Using quarterly data covering the period of 1974Q1 to 2012Q4 … provinces do not form a homogeneous convergence club. In particular, the aggregate housing market supports the presence of three … convergence clubs with the tendency of provinces to converge or diverge varying across subsequent segments. Unlike the middle …
Persistent link: https://www.econbiz.de/10010764582
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Convergence in U.S. house prices by state: evidence from the club convergence and clustering procedure
Apergis, Nicholas; Payne, James - In: Letters in Spatial and Resource Sciences 5 (2012) 2, pp. 103-111
Persistent link: https://www.econbiz.de/10010557919
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Accounting standards convergence dynamics: International evidence from club convergence and clustering
Apergis, Nicholas; Christou, Christina; Hassapis, Christis - In: Accounting Research Journal 27 (2014), pp. 226-248
Purpose –This paper aims to explore convergence of accounting standards across worldwide adopted measures to … a tendency to act so. Design/methodology/approach –The new panel convergence methodology, developed by Phillips and Sul … attempts to formally measure whether the accounting world exhibits a tendency for accounting standards convergence or whether …
Persistent link: https://www.econbiz.de/10010941817
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Local Territorial Reform and Regional Spending Efficiency
Afonso, António - 2019
We investigate the effect of a local territorial reform, which reduced the number of parishes, on municipality spending efficiency in the period 2011-2016. We build a composite output indicator and use Data Envelopment Analysis (DEA) to compute efficiency scores, which we then analyze through a...
Persistent link: https://www.econbiz.de/10012892814
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An Examination of Okun's Law : Evidence from Regional Areas in Greece
Apergis, Nicholas; Rezitis, Anthony N. - 2012
This paper estimates Okun's coefficient for certain regional areas in Greece over the period 1960-1997. Through the Hordic-Prescott filtering anf the band-pass filtering the empirical analysis shows that the coefficient do not exhibits substantial interregional differences, exept for the case of...
Persistent link: https://www.econbiz.de/10014217075
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Fiscal policy and growth
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10009640323