Showing 1 - 10 of 257
We analyze the impact of fiscal decentralization on U.S. county population, employment, and real income growth. Our findings suggest that government organization matters for local economic growth, but that the impacts vary by government unit and by economic indicator. We find that single-purpose...
Persistent link: https://www.econbiz.de/10008497588
same (detrended) consumption over space and time, lead to convergence in the level of capital across locations in the long-run. …
Persistent link: https://www.econbiz.de/10008515823
This paper focuses on the question whether public infrastructure capital matters for labor productivity in China, both over time and across regions. It finds that public infrastructure is a significant determinant of variations in labor productivity across provinces, but the contribution of...
Persistent link: https://www.econbiz.de/10005822341
This paper analyzes convergence in per capita gross regional product of Russia's regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …
Persistent link: https://www.econbiz.de/10010695863
long-run real income convergence and derive 67 comparable effect sizes. The precision-weighted estimate of beta convergence … is more consistent with endogenous self-reinforcing growth than with neoclassical convergence. Introducing a net … migration variable in a growth regression increases the estimate of beta convergence slightly. Studies that use panel models or …
Persistent link: https://www.econbiz.de/10008527330
Desde el año 2004 el Ministerio de Hacienda publica anualmente el Marco Fiscal de Mediano Plazo (MFMP) en el cual se presentan las proyecciones oficiales sobre ingresos y gastos del gobierno central para los siguientes diez años. Como es de esperar, dichas proyecciones están sujetas a altos...
Persistent link: https://www.econbiz.de/10010945749
La prestación de los servicios de infraestructura en zonas aisladas y marginadas es un desafío importante en cualquier país ya que la alta dispersión de la población eleva los costos de prestación, y la baja capacidad de pago dificulta su financiamiento. En Colombia, estas dificultades se...
Persistent link: https://www.econbiz.de/10005769558
"El propósito de este documento es, precisamente, elaborar dicho diagnóstico y formular una serie de reomendaciones para logar el fortalecimiento de las instituciones encargadas de la regulación y la supervisión de las empresas proveedoras de servicios públicos en Colombia. Este...
Persistent link: https://www.econbiz.de/10005769562
What is the right balance among policy interventions in order to ensure economic growth over the long run when an epidemic causes heavy mortality among young adults? We argue that, in general, policies to combat the disease and promote education must be concentrated, in certain ways, on some...
Persistent link: https://www.econbiz.de/10005763796
In the 1990’s descentralization in Colombia, a process which had begun a decade earlier, was sharply accelerated. The percentage of current Central Government revenues that are automatically transferred to the regional governments quickly jumped from about 20% to over 40%. Many analysts...
Persistent link: https://www.econbiz.de/10005768212