Fiscal Transfers and Regional Economic Growth

Dawid H, Harting P, Neugart M (2016) Working Papers in Economics and Management; 09-2016.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
In the aftermath of the financial crisis, with periphery countries in the European Union even more falling behind the core countries economically, there have been quests for various kind of fiscal policies in order to revert divergence. How these policies would unfold and perform comparatively is largely unknown. We analyze four such stylized policies in an agent-based macroeconomic model and study the economic mechanisms behind their relative success. Our main findings are that the core country sharing the debt burden of the periphery country has almost no effect on the growth dynamics of that region, fiscal transfers have a positive short and long run impact on per capita consumption in the target region, and that technology oriented firm subsidies have the strongest positive long run impact on competitiveness of the periphery country at which they are targeted. The positive effect of the technology oriented policy is reinforced if combined with household transfers.
Stichworte
fiscal transfers; regional economic growth; agent-based macroeconomic model
Erscheinungsjahr
2016
Band
09-2016
Seite(n)
30
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2915603

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Dawid H, Harting P, Neugart M. Fiscal Transfers and Regional Economic Growth. Working Papers in Economics and Management. Vol 09-2016. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2016.
Dawid, H., Harting, P., & Neugart, M. (2016). Fiscal Transfers and Regional Economic Growth (Working Papers in Economics and Management, 09-2016). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2915603
Dawid, H., Harting, P., and Neugart, M. (2016). Fiscal Transfers and Regional Economic Growth. Working Papers in Economics and Management, 09-2016, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Dawid, H., Harting, P., & Neugart, M., 2016. Fiscal Transfers and Regional Economic Growth, Working Papers in Economics and Management, no.09-2016, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
H. Dawid, P. Harting, and M. Neugart, Fiscal Transfers and Regional Economic Growth, Working Papers in Economics and Management, vol. 09-2016, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2016.
Dawid, H., Harting, P., Neugart, M.: Fiscal Transfers and Regional Economic Growth. Working Papers in Economics and Management, 09-2016. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2016).
Dawid, Herbert, Harting, Philipp, and Neugart, Michael. Fiscal Transfers and Regional Economic Growth. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2016. Working Papers in Economics and Management. 09-2016.
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Fiscal Transfers and Regional Economic Growth
Dawid H, Harting P, Neugart M (2018)
Review of International Economics 26(3): 651-671.

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