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Growth, convergence and (why not?) regional externalities

Valcarce, Esther Vaya; Bazo, Enrique Lopez; Ortuno, … - Facultat d'Economia i Empresa, Universitat de Barcelona - 1998

of these effects in a growth equation may downward bias the estimated rate of convergence by assingning the effect of … regional externalities to the convergence parameter. We propose the use of spatial econometrics techniques to test and estimate …

Persistent link: https://www.econbiz.de/10005120761

Fiscal Prospects and Reforms in India

Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011

Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...

Persistent link: https://www.econbiz.de/10009364448

Portugal - Solid Foundations for a Sustainable Fiscal Consolidation

Haugh, David; Sorbe, Stéphane - Economics Department, Organisation de Coopération et … - 2012

Owing to slow growth and a relatively weak fiscal position, Portugal’s public debt had been rising for almost a decade when the global crisis struck, sharply increasing the deficit. The loss of confidence in Portuguese and other euro area sovereign bonds required international financial...

Persistent link: https://www.econbiz.de/10011277000

Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia

Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013

The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...

Persistent link: https://www.econbiz.de/10011277021

New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001

Kamps, Christophe - EconWPA - 2005

The issue of whether government capital is productive has received a great deal of recent attention. Yet empirical analyses of public capital productivity have generally been limited to the official capital stock estimates available in a small sample of countries. Alternatively, many researchers...

Persistent link: https://www.econbiz.de/10005556919

The effect of inequality on growth: Theory and evidence from the Indian states

Ghosh, Sugata; Pal, Sarmistha - EconWPA - 2003

This paper examines the effect of inequality on growth among the sub- national states in India. Theoretically, growth of the regional economy is driven by productive public investment in the provision of health and education services financed by a linear output tax, and the optimum tax rate is...

Persistent link: https://www.econbiz.de/10005118699

Preparing for Euro Adoption in Poland

Kierzenkowski, Rafal - Economics Department, Organisation de Coopération et … - 2010

real and nominal convergence remains largely incomplete, which requires a substantial strengthening of alternative …, euro adoption should speed up the convergence process. This Working Paper relates to the 2010 OECD Economic Survey of …'autant plus cruciales à l'approche de l'adoption de la monnaie unique que le processus de convergence réelle et nominale reste …

Persistent link: https://www.econbiz.de/10008461039

Regional returns to physical capital: are they conditioned by educational attainment?

Lopez-Bazo, Enrique; Moreno, Rosina - Facultat d'Economia i Empresa, Universitat de Barcelona - 2007

This paper provides novel empirical evidence of the indirect effect of educational attainment on regional economic growth, through its influence on the profitability of investment in physical capital. We test the hypothesis that the regional heterogeneity of the return to physical capital can be...

Persistent link: https://www.econbiz.de/10004971436

Many Types of Human Capital and Many Roles in U.S. Growth: Evidence from County-Level Educational Attainment Data

Young, Andrew; Levy, Daniel; Higgins, Matthew - EconWPA - 2004

We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...

Persistent link: https://www.econbiz.de/10005126012

Análisis y medición de las interacciones en los Sistemas Regionales de Innovación. Su relación con la trayectoria histórica y tecnológica de las regiones.

Iturriagagoitia, Jon Mikel Zabala - EconWPA - 2005

La conceptualización de los Sistemas Regionales de Innovación (Cooke y Morgan, 1993; Autio et al., 2004) puede ser considerada como una extensión y/o adaptación del concepto de los Sistemas Nacionales de Innovación surgidos a partir de los trabajos de Freeman (1987), Nelson (ed., 1993) y...

Persistent link: https://www.econbiz.de/10005412804