Showing 1 - 10 of 3,721
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10011342567
This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...
Persistent link: https://www.econbiz.de/10011616934
In this paper, the Schumpeterian growth model developed by Ertur and Koch (2011) that includes spatial interactions between units of observation working via R&D spillovers is presented in detail. The implications of this model and three additional growth models with and without spatial...
Persistent link: https://www.econbiz.de/10011379935
Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this...
Persistent link: https://www.econbiz.de/10013212842
We present a model of industrial location and endogenous growth with congestion costs. According to the interplay between knowledge spillovers and commuting costs, we are able to obtain both a Krugman-type and a bell-shaped agglomeration outcome. In the first case, the economy experiences a...
Persistent link: https://www.econbiz.de/10012722790
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10014068117
Most analyses of property rights and economic development point to the negative influence of insecure property rights on private investment. Keefer and Knack focus instead on the largely unexamined effects of insecure property rights on government policy choices. They identify one significant...
Persistent link: https://www.econbiz.de/10014106649
This paper presents an overview of the Ararat Fiscal Strategy Model (AFSM), which is a structural, New-Keynesian, DSGE, small open economy model with a rich fiscal block that includes several expenditure and revenue instruments, and types of debt. The AFSM is now a formal part of the Ministry of...
Persistent link: https://www.econbiz.de/10014081629
Persistent link: https://www.econbiz.de/10011704021
This paper contributes to the empirical literature on convergence by applying convergence model to components of …, we extend the traditional convergence model to allow for spatial correlation between countries in the sample, by … Education. More precisely, half-life convergence for Defence occurs in 6.37 years, for Health in 3.11 years and for Education in …
Persistent link: https://www.econbiz.de/10011843010