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The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for the interaction with the economic cycle, the...
Persistent link: https://www.econbiz.de/10012230763
This paper analyzes the growth pathways of 1,321 regions in the European Union from 2003 to 2017. The aim is to inform integrated territorial investments and other economic development initiatives in lagging regions. Using the definition of lagging regions from the European Commission's Catching...
Persistent link: https://www.econbiz.de/10012434610
Since its foundation over sixty years ago, the European Union (EU) has become the modern world's greatest "convergence … recognizing that convergence is not automatic. Inequality among people has been mounting in many parts of the EU since the 1990s … member states has been widening since the early 2000s. The EU is growing, but Europeans are not "growing united". Why …
Persistent link: https://www.econbiz.de/10012645332
A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...
Persistent link: https://www.econbiz.de/10012910879
to comply with EU laws. There is room to restructure the existing programs to target activities that have more growth and …
Persistent link: https://www.econbiz.de/10012647013
This paper uses a global general equilibrium simulation model to quantify the effects of lifting economic sanctions on Iran with and without strategic responses. Iran benefits the most, with average per capita welfare gains ranging from close to 3 percent, in the case when Iran's crude oil...
Persistent link: https://www.econbiz.de/10012246487
Dramatic changes took place in agricultural policies in Europe in the 19th and 20th century. In the 1860s European nations agreed on a series of trade agreements which spread free trade across the continent. In the 1960s European nations concluded an international agreement which spread heavy...
Persistent link: https://www.econbiz.de/10012246941
There have been substantial improvements in development outcomes in Afghanistan since 2001, particularly in terms of improved access to basic services such as water, sanitation, and electricity, and increased human development in education and health. However, some gains are now being eroded due...
Persistent link: https://www.econbiz.de/10012248481
Much micro-econometric evidence suggests that precipitation has wide ranging impacts on vital economic indicators such as agricultural yields, human capital, and even conflict. And yet paradoxically most macro-econometric evidence (especially in the climate economy literature) finds that...
Persistent link: https://www.econbiz.de/10012051944
This paper studies future poverty, inequality, and shared prosperity outcomes using a panel data set with 150 countries over 1980-2014. The findings suggest that global extreme poverty will decrease in absolute and relative terms in the period 2015-2030. However, absolute poverty is likely to...
Persistent link: https://www.econbiz.de/10012022359