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Persistent link: https://www.econbiz.de/10011705916
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Using sigma and beta convergence methods, this study tests economic convergence in Turkish NUTS-2 regions between 2004 …-2011. The findings of sigma convergence analysis show that the interregional income gap decreases during economic recession … periods and increases during economic expansion periods. The beta convergence results obtained by the cross-sectional and …
Persistent link: https://www.econbiz.de/10012040046
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10011342567
Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …
Persistent link: https://www.econbiz.de/10011126360
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10011090750
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10011090760
This paper examines the empirical relationship between agglomeration and economic growth for a panel of 48 Central and Eastern European regions from 1995 to 2006. By agglomeration, we mean the within-regional concentration of aggregate economic activity, which we measure using the 'topographic'...
Persistent link: https://www.econbiz.de/10011506442
The aim of our analysis is the evaluation of the total and sectoral convergence of labour productivity between 182 … adopt a β- and sígma-convergence approach along with a methodology based on Getis' spatial filters that allows decomposing … and low productivity, respectively 'core' and 'periphery'. Our results show significant sígma-convergence in aggregate …
Persistent link: https://www.econbiz.de/10011514053
As the differences between the regions are more pronounced than among the countries, NUTS 2 regions of the new members that joined the EU after 2000 are considered. Due to the presence of externalities between the regions, the Solow growth model using interregional externalities is used. This is...
Persistent link: https://www.econbiz.de/10013279716