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Sources of convergence in the European Union: the case of Portugal

Pontes, José Pedro - ISEG - School of Economics and Management, Department … - 2001

The paper surveys the main trends of per capita income convergence in the European Union. It stresses that income … disparities have ceased to diminish across the European regions since 1980, although convergence between countries has continued … behind income convergence are analized by means of the decomposition of per capita income in labor productivity and …

Persistent link: https://www.econbiz.de/10005463756

Regional Convergence in Portugal in the context of the European Union

Pontes, José Pedro - ISEG - School of Economics and Management, Department … - 2000

Main trends of per capita income convergence in Portugal and the European Union are surveyed. An explanation is given … to the fact that in the last two decades countries have converged, while no visible convergence has taken place among the … distribution of the stock of existing firms in the European Union is fixed, it is assumed that the degree of convergence follows …

Persistent link: https://www.econbiz.de/10005463763

The determinants of macroeconomic forecasts and the Stability and Growth Pact

Martins, Patricia; Correia, Leonida - ISEG - School of Economics and Management, Department … - 2013

the governments of the 15 EU countries. We have used the forecasts of the Stability and Convergence Programmes submitted …

Persistent link: https://www.econbiz.de/10010630633

Government indebtedness and european consumers behaviour

Afonso, António - ISEG - School of Economics and Management, Department … - 2001

According to conventional macroeconomics, public debt has a significant effect on the economy since consumers see public debt as net wealth, however, according to the Ricardian Equivalence hypothesis, that effect would be absent. This paper’s results, obtained from Euler equation estimations,...

Persistent link: https://www.econbiz.de/10005593028

Expansionary fiscal consolidations in Europe: new evidence

Afonso, António - ISEG - School of Economics and Management, Department … - 2006

In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models for private consumption are estimated for the EU15 countries, using annual data over the period 1970–2005. Three alternative approaches to determine fiscal episodes are used, and the level of...

Persistent link: https://www.econbiz.de/10005463746

Macroeconomic Rates of Return of Public and Private Investment: Crowding-in and Crowding-out Effects

Afonso, António; Miguel St.Aubyn - ISEG - School of Economics and Management, Department … - 2008

Using annual data from 14 European Union countries, plus Canada, Japan and the United States, we evaluate the macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess the extent of crowding-in or crowding-out of both...

Persistent link: https://www.econbiz.de/10005628423

Ricardian Fiscal Regimes in the European Union

Afonso, António - ISEG - School of Economics and Management, Department … - 2005

The prevalence of either Ricardian or non-Ricardian fiscal regimes is important both for practical policy reasons and to assess fiscal sustainability, and this is of particular relevance for European Union countries. The purpose of this paper is to assess, with a panel data set, the empirical...

Persistent link: https://www.econbiz.de/10005628436