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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
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Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model
Bajona, Claustre; Kehoe, Timothy - In: Review of Economic Dynamics 13 (2010) 3, pp. 487-513
In models in which convergence in income levels across closed countries is driven by faster accumulation of a … productive factor in the poorer countries, opening these countries to trade can stop convergence and even cause divergence. We …. Divergence can occur for parameter values that would imply convergence in a world of closed economies and vice versa. Second …
Persistent link: https://www.econbiz.de/10008504403
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Neoclassical Growth and Commodity Trade
Cunat, Alejandro; Maffezzoli, Marco - In: Review of Economic Dynamics 7 (2004) 3, pp. 707-736
We construct a dynamic Heckscher-Ohlin model in which the initial distribution of production factors across economies makes factor price equalization impossible. The model produces dynamics similar to those of the neoclassical growth model. However, free trade prevents identically parameterized...
Persistent link: https://www.econbiz.de/10005085506
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Labor Market Institutions, International Capital Mobility, and the Persistence of Underdevelopment
Bertocchi, Graziella - In: Review of Economic Dynamics 6 (2003) 3, pp. 637-650
countries involved. We contrast bargaining and perfect competition. Under perfect capital markets, convergence of capital and … convergence of the income shares, with unionized countries showing a lower wage rate and consequent capital inflows. Therefore …
Persistent link: https://www.econbiz.de/10005090984
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Bank efficiency and regional growth in Europe : new evidence from micro-data
Belke, Ansgar; Haskamp, Ulrich; Setzer, Ralph - 2016
Persistent link: https://www.econbiz.de/10011619943
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Regional dynamics of economic performance in the EU : to what extent spatial spillovers matter?
Özyurt, Selin; Dées, Stéphane - 2015
Persistent link: https://www.econbiz.de/10011448510
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Inflation, factor substitution and growth
Klump, Rainer - 2003
potential positive effects of inflation along the convergence path. In a more general perspective the paper contributes to a …
Persistent link: https://www.econbiz.de/10009635886
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Public finances and long-term growth in Europe
De Ávila, Diego Romero; Strauch, Rolf - 2003
In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic u0093growth rate of around 3 percent as a realistic prospect for the coming yearsu0094 and assigns public finances an important role in the process of achieving this goal. This paper addresses...
Persistent link: https://www.econbiz.de/10009635955
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The role of product market regulations in the process of structural change
Messina, Julián - 2003
The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, product market regulations raise...
Persistent link: https://www.econbiz.de/10009639850
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Misallocation and productivity
Restuccia, Diego; Rogerson, Richard - In: Review of Economic Dynamics 16 (2013) 1, pp. 1-10
A large portion of differences in output per capita across countries is explained by differences in total factor productivity (TFP). In this article, we summarize a recent literature — and the articles in this special issue on misallocation and productivity — that focus on the...
Persistent link: https://www.econbiz.de/10010600529