and economic growth see Zagler and Durnecker (2003), while Hemming, Kell and Mahfouz (2002) review the effectiveness of …”, European Economic Review, 39 (2), 253-74. Baxter, M. and King, R. (1999). “Measuring Business Cycles: Approximate Band …-Pass Filters for Economic Time Series”, Review of Economics and Statistics, 81 (4), 575-593. 27 ECB Working Paper Series No 849 …

variables in a growth regression: economic growth, total factor productivity and labour productivity. Our results are able to … strong crowding-in effect associated to public investment, which have enhanced economic growth by boosting private investment …Working PaPer SerieS no 848 / JanUarY 2008 eConoMiC groWTH anD BUDgeTarY CoMPonenTS a PaneL aSSeSSMenT For THe eU …

_________________________________________________________ António Afonso and Juan González Alegre Economic Growth and Budgetary Components: a Panel Assessment for the EU … ISSN Nº 0874-4548 School of Economics and Management TECHNICAL UNIVERSITY OF LISBON Economic Growth and … 1970-2006, and we use three alternative dependent variables in a growth regression: economic growth, total factor …

: Approximate Band-Pass Filters for Economic Time Series”, Review of Economics and Statistics, 81 (4), 575-593. Christiano, L …. and Fitzgerald, T. (2003). “The Band Pass Filter,” International Economic Review, 4 (2), 435-465. Corsetti, G. and …. 24 Fatás, A. (1997). “EMU: countries or regions: lessons from the EMS experience,” European Economic Review, 41 (3 …

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Pass Filter,” International Economic Review, 4 (2), 435-465. Clark, T. and Van Wincoop, E. (2001). “Borders and … or regions: lessons from the EMS experience,” European Economic Review, 41 (3-5), 743-751. Furceri, D. and Karras, G …. (1963). “Optimum currency areas,” American Economic Review 53, 717- 725. Mundell, R. (1961) “A theory of optimum currency …

In this paper we revisit the literature on the economic consequences from inefficiency in public services provision … relevant when estimating the economic impacts of inefficiency in public services provision. Using Hicks' compensating variation … Central Bank Working Paper Series 42 Abstract In this paper we revisit the literature on the economic …

, Endogenous Growth, and the Welfare Cost of Volatility”, Review of Economic Dynamics, 6(3), 672-684. Fatás, A. and Mihov, I …”, European Economic Review, Vol. 38, pp. 235-69. Furceri, D. (2007). “Is Government Expenditure Volatility Harmful for Growth? A … the size of Nations”, Mimeo. Gali J. (1994). “Government Size and Macroeconomic Stability”, European Economic Review, 38 …

Capital and Growth”, American Economic Review 91 (2), 12-17. Barro, R. and Lee, J-W. (2001). ”Schooling Quality in …- to medium run, beyond the control of governments. These are the family economic background and the education of parents …. The paper is organised as follows. In section two we provide motivation and briefly review some of the literature and …

.1080/13504850701719892. Alesina, A. and Roubini, N. (1992). Political Business Cycles in OECD Economies, Review of Economic Studies, 59 (4), 663 … Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations”, Review of Economic …, B. (1996). “Federalism, Fiscal Restraints, and European Monetary Union”, American Economic Review, 86 (2), 134 …