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Abreu, Maria; de Groot, Henri L.F.; Florax, Raymond J.G.M. - 2004

This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …

Persistent link: https://www.econbiz.de/10010325168

Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment

Leduc, Sylvain; Wilson, Daniel - National Bureau of Economic Research (NBER) - 2012

We examine the dynamic macroeconomic effects of public infrastructure investment both theoretically and empirically, using a novel data set we compiled on various highway spending measures. Relying on the institutional design of federal grant distributions among states, we construct a measure of...

Persistent link: https://www.econbiz.de/10011271401

Misspecification in Linear Spatial Regression Models

Florax, Raymond J.G.M.; Nijkamp, Peter - 2003

Spatial effects are endemic in models based on spatially referenced data. The increased awareness of the relevance of spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics. Spatial econometrics focuses on the specification and...

Persistent link: https://www.econbiz.de/10010325035

The Impact of Regional Absorptive Capacity on Spatial Knowledge Spillovers

Caragliu, Andrea; Nijkamp, Peter - 2008

We design a conceptual framework for linking two approaches: the literature on absorptive capacity and the literature on spatial knowledge spillovers. Regions produce new knowledge, but only part of it is efficiently adopted in the economy; the share of efficiently adopted technology depends on...

Persistent link: https://www.econbiz.de/10010325801

Regional Population-Employment Dynamics across Different Sectors of the Economy

de Graaff, Thomas; van Oort, Frank G.; Florax, Raymond … - 2011

An important subset of the literature on agglomeration externalities hypothesizes thatintrasectoral and intersectoral relations are endogenously determined in models of localand regional economic growth. Remarkably, structural adjustment models describing thespatio-temporal dynamics of...

Persistent link: https://www.econbiz.de/10010326283

Incentives and Outcomes: China's Environmental Policy

Deng, Yongheng; Morck, Randall; Wu, Jing; Huang, Jun; … - National Bureau of Economic Research (NBER) - 2013

In generating fast economic growth, China is also generating growing concern about its environmental record. Using 2000-2009 data, we find that, while spending on environmental infrastructure has visible positive environmental impact, city spending is strongly tilted towards transportation...

Persistent link: https://www.econbiz.de/10010950924

A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; de Groot, Henri L.F.; Florax, Raymond J.G.M. - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …

Persistent link: https://www.econbiz.de/10010325489

Government Investment and Fiscal Stimulus in the Short and Long Runs

Leeper, Eric; Walker, Todd B.; Yang, Shu-Chun Susan - National Bureau of Economic Research (NBER) - 2009

This paper contributes to the debate about fiscal multipliers by studying the impacts of government investment in conventional neoclassical growth models. The analysis focuses on two dimensions of fiscal policy that are critical for understanding the effects of government investment:...

Persistent link: https://www.econbiz.de/10005040613

Government Investment and the European Stability and Growth Pact

Bassetto, Marco; Lepetyuk, Vadym - National Bureau of Economic Research (NBER) - 2007

We consider the effect of excluding government investment from the deficit subject to the limits of the European Stability and Growth Pact. In the model we consider, residents of a given country discount future costs and benefits of government spending more than efficiency would dictate, because...

Persistent link: https://www.econbiz.de/10005050229

Infrastructure in a Structural Model of Economic Growth

Holtz-Eakin, Douglas; Schwartz, Amy Ellen - National Bureau of Economic Research (NBER) - 1994

Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims that inadequate accumulation of public capital has contributed to substandard U.S. economic growth. Despite this, the link between infrastructure and productivity growth...

Persistent link: https://www.econbiz.de/10005720230

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