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The role of fiscal transfers for regional economic convergence in Europe

Checherita-Westphal, Cristina; Nickel, Christiane; … - 2009

-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …. -- Fiscal policy, convergence ; regional economic growth ; regional migration …

Persistent link: https://www.econbiz.de/10003832335

Fiscal transfers and economic convergence

Capella-Ramos, João; Checherita-Westphal, Cristina; … - 2020

Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers - a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …

Persistent link: https://www.econbiz.de/10012521156

Fiscal transfers and economic convergence

Capella-Ramos, João; Checherita-Westphal, Cristina; … - 2020

Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …

Persistent link: https://www.econbiz.de/10012319164

Growth and distribution in low income economies : modifying post Keynesian analysis in light of theory and history

Razmi, Arslan - 2015

Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...

Persistent link: https://www.econbiz.de/10011522170

Is planet earth as a whole likely to be wage-led?

Razmi, Arslan - 2017

Evidence regarding the relationship between distribution, demand, and growth in the short run has been mixed. Open economy models that create the possibility of "beggar-thy-neighbor" growth offer one theoretical explanation for why this may be expected. Several authors have argued recently,...

Persistent link: https://www.econbiz.de/10011638343

Capital inflows, sustained investment surges, and the role of external economies of scale in a developing economy

Razmi, Arslan - 2019

Standard open economy macro models with unemployment predict a contractionary short-run effect of international capital inflows. Empirical evidence, on the other hand, often associates such inflows with short-term booms, and developing country policy makers frequently go out of their way to...

Persistent link: https://www.econbiz.de/10012117674

The real exchange rate policy trilemma in developing economies

Razmi, Arslan - 2018

This paper discusses some of the inter-temporal issues that arise in the pursuit of real undervaluation to achieve rapid development. Policy makers face a trade-off between achieving a capital stock target in a given amount of time on the one hand and boosting real wages and output in the short...

Persistent link: https://www.econbiz.de/10011861683

Real exchange rates and the long‐run effects of aggregate demand in economies with underemployment

Skott, Peter; Rapetti, Martin; Razmi, Arslan - 2012

Successful economic development to a large extent derives from the mobilization of underemployed resources. Demand policy can play an important role. It is critical, however, to consider balance of payments constraints and to ensure an expansion of investment in the modern sector. A combination...

Persistent link: https://www.econbiz.de/10009523327

Can Asia sustain an export-led growth strategy in the aftermath of the global crisis? : an empirical exploration

Razmi, Arslan; Hernández, Gonzalo - 2011

Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the...

Persistent link: https://www.econbiz.de/10009381662

Can Asia sustain an export-led growth strategy in the aftermath of the global crisis? : an empirical exploration

Hernández, Gonzalo; Razmi, Arslan - 2011

Many developing countries have attempted to pursue the East Asian "growth model" in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the post...

Persistent link: https://www.econbiz.de/10009357182