Effects of Policy Mix on European Regional Convergence

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis Effects of Policy Mix on European Regional Convergence by : Ignacio Sacristán López-Bravo

Download or read book Effects of Policy Mix on European Regional Convergence written by Ignacio Sacristán López-Bravo and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the impact of the fiscal-monetary policy mix on the convergence on per capita income of the least developed regions (Objective 1) of the European Union (EU 28) during the implementation of the three European Structural and Investment Funds (ESIF) programmes between 2000 and 2020. The Solow-Swan growth model with control variables allows us to assess the absorption capacity of regions in the different phases of the economic cycle. The empirical results show the effectiveness of EU Regional and Cohesion Policy. However, the combination of fiscal and monetary policy shows an impact that is asymmetric, depending on the region. Thus, a policy mix of fiscal restraint and monetary expansion would boost growth in all regions, but would slow down the convergence process in Objective 1 regions.

The European Cohesion Policy and European Regional Development Fund. Conditional Effectiveness and Convergence in the Solow-Model

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Publisher : GRIN Verlag
ISBN 13 : 3668590362
Total Pages : 63 pages
Book Rating : 4.6/5 (685 download)

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Book Synopsis The European Cohesion Policy and European Regional Development Fund. Conditional Effectiveness and Convergence in the Solow-Model by : Thomas Craemer

Download or read book The European Cohesion Policy and European Regional Development Fund. Conditional Effectiveness and Convergence in the Solow-Model written by Thomas Craemer and published by GRIN Verlag. This book was released on 2017-12-08 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the EU is growing ever closer as a single economic entity, the difference in wealth and economic power among its member nations – from Germany and France to Romania and Bulgaria – is still enormous. This is despite the European Union’s continuous efforts to reduce welfare differences between its member states since its foundation in 1958: The long-term objective of the EU is a convergence of income and GDP per capita levels within the entire Union. This policy is known as European cohesion policy, which nowadays accounts for more than one third of the EU’s total budget. The vast financial importance of the cohesion policy naturally begs two questions: Are structural funds effective in promoting economic growth? And if so, do they promote income and welfare convergence within the EU? Yet most studies so far have merely yielded fragmented results, as they only focus on single EU member states, or consist of data for short time periods. In contrast, this study captures long-term effects of structural funds in the recent past and delivers accurate and meaningful empirical results. It focuses on data for the European Regional Development Fund since this is the most important item of cohesion policy which financially supports projects that aim to foster convergence directly. In this book: - European cohesion policy; - structural funds; - European Regional Development Fund; - economic convergence; - Solow-Model; - growth theory

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

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Publisher : International Monetary Fund
ISBN 13 : 1484338499
Total Pages : 47 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Economic Convergence in the Euro Area: Coming Together or Drifting Apart? by : Mr.Jeffrey R. Franks

Download or read book Economic Convergence in the Euro Area: Coming Together or Drifting Apart? written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 2018-01-23 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.

Funds and Games

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Funds and Games by : Sjef Ederveen

Download or read book Funds and Games written by Sjef Ederveen and published by . This book was released on 2002 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regional Convergence in the European Union

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Publisher : Springer Science & Business Media
ISBN 13 : 3662047888
Total Pages : 366 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Regional Convergence in the European Union by : Juan R. Cuadrado-Roura

Download or read book Regional Convergence in the European Union written by Juan R. Cuadrado-Roura and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of the single currency in the European economic space constitutes without doubt the most visible step towards monetary and economic integration in the EU. Those who boosted the birth of the Common Market in 1957 dreamt that this would one day come about as a logical consequence of the integration process. However, things have gone much more slowly than possibly imagined, although if taken in an adequate historic perspective, it is undeniable that the agreements that have led to European Monetary Union signify a really formidable jump in the process of political and economic integration in Europe. This is something many doubted would ever happen, but which is already a reality, although still in need of a period of consolidation. The most general economic consequences of the EMU have already been analysed in considerable depth. Proof of this is the literature already available. In general, there is coincidence in affirming that the balance of the results expected is clearly positive. Firstly, as a result of the anticipated gains in efficiency, a consequence of reduction of transaction costs associated to the previous existence of different currencies and of the elimination of exchange rate uncertainties.

Coordination of Monetary and Fiscal Policies

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Publisher : International Monetary Fund
ISBN 13 : 1451844239
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Coordination of Monetary and Fiscal Policies by : International Monetary Fund

Download or read book Coordination of Monetary and Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-03-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

World Economic Outlook, October 2019

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Publisher : International Monetary Fund
ISBN 13 : 1513516175
Total Pages : 208 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis World Economic Outlook, October 2019 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, October 2019 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2019-10-15 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

One Market, One Money

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Publisher :
ISBN 13 : 9780198773245
Total Pages : 356 pages
Book Rating : 4.7/5 (732 download)

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Book Synopsis One Market, One Money by : Michael Emerson

Download or read book One Market, One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

European Regional Policy and Development

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Publisher : Taylor & Francis
ISBN 13 : 1000907635
Total Pages : 220 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis European Regional Policy and Development by : María del Carmen Sánchez-Carreira

Download or read book European Regional Policy and Development written by María del Carmen Sánchez-Carreira and published by Taylor & Francis. This book was released on 2023-07-18 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The shortcomings of traditional regional policies led to a major policy. Thus, regions have become more active in the design and implementation of policies, following a bottom-up approach and involving the participation of the local community in strategic planning, as opposed to the traditional top-down method. This book addresses regional development theories and policies, with a special focus on forgotten places, and raises emerging questions about recent theoretical advances, as well as trends and challenges in the field. It examines two main and related issues: the crucial role of regional actors for development and the role of Forgotten Spaces. It emphasizes the spatial/territorial approaches from different theoretical perspectives, underlining place-based approaches and compares the experiences of both successful and failed cases, attempting to identify lessons and policy recommendations, as well as adding empirical evidence to this field. The different cases presented, which focus on Forgotten Spaces, allow the reader to assess the role of different actors for regional development as well as some sectoral approaches. While there is a clear focus on European countries with different geographical, institutional and sociocultural characteristics, the book also examines good and bad examples of regional development and policies related to forgotten places from different regions worldwide, including developed and developing countries. The book benefits from contributions from over 20 authors from different nationalities, and a rich diversity of case studies, approaches and methods of discussion. The authors discuss practical examples and more complex theoretical approaches, involving techniques of spatial analysis, spatial econometrics, social networks, content analysis as well as regional planning techniques. The book will appeal to an interdisciplinary audience and will provide academicians, politicians, and policy designers with original and detailed analyses.

Europe and the Euro

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Publisher : Springer
ISBN 13 : 3319457292
Total Pages : 194 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Europe and the Euro by : Enrico Marelli

Download or read book Europe and the Euro written by Enrico Marelli and published by Springer. This book was released on 2016-11-17 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a fresh perspective on the recent Eurozone "double crisis" and its related economic policies. The authors present empirical evidence which sheds new light on the growing economic and political debate on the future of the Euro, the Eurozone and the EU. The book investigates and assesses the impact of the crisis with particular reference to monetary and fiscal policy, whose protracted austerity approach has dampened economic growth. In their discussion of the long-run European integration process, the authors emphasize the original weaknesses in the construction of the European Monetary Union and examine its failure to respond to the recent crisis. The concluding chapter focuses on the need for crucial reform in European governance and discusses the impact of the UK’s recent EU membership referendum. Scholars, students and members of the general public with an interest in the future of the Eurozone will find this work thought-provoking, instructive and highly informative.

EU Cohesion Policy

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Publisher : Routledge
ISBN 13 : 1315401843
Total Pages : 380 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis EU Cohesion Policy by : John Bachtler

Download or read book EU Cohesion Policy written by John Bachtler and published by Routledge. This book was released on 2016-10-26 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Open Access version of this book, available at http://www.tandfebooks.com/doi/view/10.4324/9781315401867, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license. This book brings together academics, members of European institutions, and regional and national level policymakers in order to assess the performance and direction of EU Cohesion policy against the background of the most significant reforms to the policy in a generation. Responding to past criticisms of the effectiveness of the policy, the policy changes introduced in 2013 have aligned European Structural and Investment Funds with the Europe 2020 strategy and introduced measures to improve strategic coherence, performance and integrated development. EU Cohesion Policy: Reassessing performance and direction argues that policy can only be successfully developed and implemented if there is input from both academics and practitioners. The chapters in the book address four important issues: the effectiveness and impact of Cohesion policy at European, national and regional levels; the contribution of Cohesion policy to the Europe 2020 strategy of smart, sustainable and inclusive growth; the importance of quality of government and administrative capacity for the effective management of the Funds; and the inter-relationships between institutions, territory and place-based policies. The volume will be an invaluable resource to students, academics and policymakers across economics, regional studies, European studies and international relations.

Managing the Sovereign-Bank Nexus

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Publisher : International Monetary Fund
ISBN 13 : 1484359623
Total Pages : 54 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Managing the Sovereign-Bank Nexus by : Mr.Giovanni Dell'Ariccia

Download or read book Managing the Sovereign-Bank Nexus written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 2018-09-07 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.

Fiscal Policy and Long-Term Growth

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Publisher : International Monetary Fund
ISBN 13 : 1498344658
Total Pages : 257 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund

Download or read book Fiscal Policy and Long-Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

EU Cohesion Policy and European Integration

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Publisher : Routledge
ISBN 13 : 1317140443
Total Pages : 337 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis EU Cohesion Policy and European Integration by : John Bachtler

Download or read book EU Cohesion Policy and European Integration written by John Bachtler and published by Routledge. This book was released on 2016-04-22 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: EU Cohesion policy accounts for a major share of the EU budget and is central to economic and social development in many European countries. This book provides a comprehensive and theoretically-informed analysis of how Cohesion policy has evolved over time, in particular the budgetary and policy dynamics of the 2007-13 reform. In the context of the budgetary politics of the EU, the book examines the process by which the reform of Cohesion policy has been shaped; it identifies the key factors that explain the allocation of funding, assesses the roles of the Member States, European Commission and European Parliament, and tests whether the process and outcome are consistent with the expectations of EU decision-making and integration theories. Based on extensive, EU-wide research over a ten-year period, the book provides new insights into both the process and outcomes of EU policy reform. Presenting original research in an accessible format, this book will be of interest to scholars as well as undergraduate and postgraduate students in the fields of European integration and policy studies.

Impacts of European Territorial Policies in the Baltic States

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Publisher : Routledge
ISBN 13 : 1317425936
Total Pages : 161 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Impacts of European Territorial Policies in the Baltic States by : Garri Raagmaa

Download or read book Impacts of European Territorial Policies in the Baltic States written by Garri Raagmaa and published by Routledge. This book was released on 2017-10-02 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban and regional development in the Baltic States and other Central and Eastern European countries has experienced rapid changes since their re-independence at the beginning of the 1990s. Meanwhile, urban and regional planning institutions and organizational cultures in the Baltic States have only changed rather incrementally, despite various national and European pressures for reform. As a consequence, the effects of European cohesion and structural policy measures have been quite modest, and the ability of the planning systems in the Baltic states to manage contemporary trends in urban and regional development has become increasingly limited. This book focuses on these issues and tensions of spatial planning and development in the Baltic States and their distinctiveness compared to other European countries. It provides an overview of the historical and cultural context of spatial development, a discussion of the processes of Europeanization of spatial planning in the specific context of the Baltic States, and an analysis of whether these processes may be leading to policy convergence in the region. This book was published as a special issue of European Planning Studies.

The Regional Dimension in European Public Policy

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Publisher : Springer
ISBN 13 : 0333982592
Total Pages : 217 pages
Book Rating : 4.3/5 (339 download)

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Book Synopsis The Regional Dimension in European Public Policy by : Reiner Martin

Download or read book The Regional Dimension in European Public Policy written by Reiner Martin and published by Springer. This book was released on 1999-05-09 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses EU regional policy and its co-ordination with other European and national public policies, namely investment grants, research and development policy and transport policy. The analysis identifies shortcomings within EU regional policy as well as co-ordination, problems with other public policies.

Emigration and Its Economic Impact on Eastern Europe

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Publisher : International Monetary Fund
ISBN 13 : 1475576366
Total Pages : 48 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Emigration and Its Economic Impact on Eastern Europe by : Mr.Ruben V Atoyan

Download or read book Emigration and Its Economic Impact on Eastern Europe written by Mr.Ruben V Atoyan and published by International Monetary Fund. This book was released on 2016-07-20 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.