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We apply spatial econometric techniques to models of state and local fiscal policy convergence . Our work extends the work of Scully and Annala in much the same way that Rey and Montouri extended ...
that spatial Keynesian policy improves the regional growth rate of per-capita income using a standard two-way fixed-effects model for state -level data from the USA. To identify exogenous variation in federal ...
receive feedback from the underdeveloped regions. 2.2 Spatial Durbin Model (SDM) method Tax and fee reduction policies have a significant impact on independent innovation, and the scope of impact ...
the moderating effect based on the β convergence model to better reflect the causal relationship between variables. Fourth, the temporal and spatial characteristics of the basic effect and the convergence effect ...
on the sampling model would be violated. In this context of spatial dependence , we use alternative specification to reconsider the question of absolute β convergence of per capita income of African countries from ...
administration which might generate spatial dependence , but we begin our introduction to spatial econometrics here by adapting the basic regression model presented above. In general, the potential sources ...
measure local fiscal capacity by total local government expenditure per capita. This averaged $4530 in 2012, but it has a wide dispersion. Our two state policy controls, decentralisation and state aid ...
. These results are broadly consistent with models of social learning in fiscal policy . 1. Introduction Social interactions among economic agents are relevant in a broad range of contexts. They can be either ...
with respect to policy variables that are directly observed (U.S. state tax rates) and use the observed variation in these same policies to identify the key model parameters. Fiscal competition The literature ...
time trends) for the dynamic panel model that introduces two lags of the dependent variable to account for growth persistence.22 The coefficient for fiscal centralisation remains significant ...
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