Search results for "jel:O52"
showing 5 items of 5 documents
R&D Offshoring and the Productivity Growth of European Regions
2013
The recent increase in R&D offshoring have raised fears that knowledge and competitiveness in advanced countries may be at risk of `hollowing out\'. At the same time, economic research has stressed that this process is also likely to allow some reverse technology transfer and foster growth at home. This paper addresses this issue by investigating the extent to which R&D offshoring is associated with productivity dynamics of European regions. We find that offshoring regions have higher productivity growth, but this positive effect fades down with the number of investment projects carried out abroad. A large and positive correlation emerge between the extent of R&D offshoring and the home reg…
Exploratory spatial data analysis of the distribution of regional per capita GDP in Europe, 1980-1995
2000
The aim of this paper is to study the dynamics of European regional per capita product over time and space. This purpose is achieved by using the recently developed methods of Exploratory Spatial Data Analysis. Using a sample of European regions over the 1980-1995 period, we find strong evidence of global and local spatial autocorrelation in per capita GDP throughout the period. The detection of clusters of high and low per capita products during the period is an indication of the persistence of spatial disparities between European regions. This analysis is finally refined by the investigation of the spatial pattern of regional growth. Key words:exploratory spatial data analysis; distributi…
Deficit sustainability and inflation in EMU: An analysis from the Fiscal Theory of the Price Level
2007
Price determination theory typically focuses on the role of monetary policy, while the role of fiscal policy is usually neglected. From a different point of view, the Fiscal Theory of the Price Level takes into account monetary and fiscal policy interactions and assumes that fiscal policy may determine the price level, even if monetary authorities pursue an inflation targeting strategy. In this paper we try to test empirically whether the time path of the government budget in EMU countries would have affected price level determination. Our results point to the sustainability of fiscal policy in all the EMU countries but Finland, although no firm conclusions can be drawn about the prevalence…
Une analyse exploratoire des disparités régionales dans l'Europe élargie
2005
http://www.regionetdeveloppement.u-3mrs.fr/; National audience; L'objectif de cet article est d'analyser les inégalités régionales dans l'Union Européenne élargie à l'aide de l'Analyse Exploratoire des Données Spatiales appliquée aux PIB par tête des 258 régions de l'Europe des 27 sur la période 1995-2000. Les résultats montrent l'existence d'une forte autocorrélation spatiale globale et locale ainsi qu'une forte hétérogénéité dans la distribution des richesses. Ils montrent également un changement de polarisation, puisque l'élargissement conduit à un schéma de polarisation Nord-Ouest - Est à la place du schéma Nord-Sud traditionnellement mis en évidence dans la littérature. Finalement, cet…
Fonds structurels, effets de débordement géographique et croissance régionale en Europe.
2008
Les fonds structurels constituent l’un des instruments financiers de la politique regionale europeenne les plus intensement utilises afin de promouvoir la convergence entre les regions des pays membres de l’Union europeenne. Cependant, de nombreuses divergences theoriques et empiriques existent dans la litterature quant a leur capacite a encourager la croissance economique des regions les plus defavorisees. Par consequent, cet article se propose de proceder a des estimations complementaires en integrant des elements nouveaux : tout d’abord, nous adoptons une approche par l’econometrie spatiale afin de prendre en compte de possibles effets de debordement geographique entre regions ; ensuite,…