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The weighted essentially non-oscillatory (WENO) methods are popular and effective spatial discretization methods for nonlinear hyperbolic partial differential equations. Although these methods are formally first-order accurate when a shock is present, they still have uniform high-order accuracy...
Persistent link: https://www.econbiz.de/10014501990
This paper tried to evaluate the increasing of the federative public spending associated with the creation of a new State within the Brazilian Federation. The estimates pointed out that each new State increases the federative expenditure by R$ 832 millions. It was also estimated that Brazilian...
Persistent link: https://www.econbiz.de/10010330554
This paper attempts to evaluate public sector expenditure efficiency comparing Brazil with other Latin American countries for the period 1998-2002. We first computed a composite index, comprising economic and social indicators, to measure public sector performance. Efficiency of expenditure was...
Persistent link: https://www.econbiz.de/10010330761
While the Unemployment Insurance (UI) program is one of the largest safety net program in the U.S., research on its benefits is limited. This paper exploits plausibly exogenous changes in state UI laws to empirically estimate whether UI generosity mitigates any of the previously documented...
Persistent link: https://www.econbiz.de/10011931594
Applying IS-MP-IA model and the Taylor rule to selected Southeast European economies (Albania, Bosnia and Herzegovina, Macedonia and Serbia) we find that the change of effective exchange rate positively affects output, while the change of the world interest rate negatively affects output or it...
Persistent link: https://www.econbiz.de/10012217824
The determinants and effects of bank bailout programs on the economy and society are still controversial. Using a Propensity Score Matching approach relying on 22 European countries, it was identified economic growth, economic freedom, total banking assets, and liquid assets to deposits and...
Persistent link: https://www.econbiz.de/10015401709
This study investigates how governance and infrastructure modulate the effect of natural resource rents on economic … infrastructure threshold of 2.583 indicating that countries with governance and infrastructure level higher than these values tend to … infrastructure), the established thresholds are low and situated between the 5 th and the 10th percentiles. Countries identified …
Persistent link: https://www.econbiz.de/10014278350
This paper provides new evidence of the effects of road construction on both domestic and international trade flows in the People's Republic of China (PRC) using customs data and information on transport investments in the region, including those supported by multilateral development banks. We...
Persistent link: https://www.econbiz.de/10014549262
capital, and infrastructure capital; the infusion of new technology and its regional spread; and market reforms, with a major … infrastructure capital on regional inequality. We conclude that investing in human capital will be an effective policy to reduce …
Persistent link: https://www.econbiz.de/10010268707
Infrastructure is the economic growth theory of the market economy. The missing comprehensive approach to … infrastructure corresponds to the practiced neglect of the long-term policy objective of economic growth in the economic order of the …, institutional and personal infrastructure, infrastructure policy as an indirect approach to economic growth policy is suggested. The …
Persistent link: https://www.econbiz.de/10010271485