Credit contagion between financial systems
In: Discussion paper Eurosystem
In: Ser. 2, Banking and financial studies 2011,15
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In: Discussion paper Eurosystem
In: Ser. 2, Banking and financial studies 2011,15
In: International journal of urban and regional research, Band 37, Heft 4, S. 1438-1455
ISSN: 1468-2427
AbstractAfter German reunification, interregional subsidies accounted for approximately 4% of gross fixed capital investment in the new federal states (i.e. those which were formerly part of the German Democratic Republic). We show that, between 1992 and 2005, infrastructure and corporate investment subsidies had a negative net impact on regional economic growth and convergence. This result is robust to both the specification of spatially weighted control variables and the use of instrumental variable techniques to control for the endogeneity of subsidies. Our results suggest that regional redistribution was ineffective, potentially due to a lack of spatial concentration to create growth poles.
In: International journal of urban and regional research: IJURR, Band 37, Heft 4, S. 1438-1455
ISSN: 0309-1317
In: Applied Economics Quarterly, Band 58, Heft 4, S. 279-298
ISSN: 1865-5122
In: Bundesbank Series 2 Discussion Paper No. 2011,02
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In: Bundesbank Series 2 Discussion Paper No. 2011,15
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In: Bundesbank Series 1 Discussion Paper No. 2010,13
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Working paper
In: Bundesbank Series 2 Discussion Paper No. 2010,03
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In: Bundesbank Series 2 Discussion Paper No. 2009,06
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In: Bundesbank Series 2 Discussion Paper No. 2009,10
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After the German reunification, interregional subsidies accounted for approximately four percent of gross fixed capital investment in the new federal states. We show that between 1992 and 2005 infrastructure and (small) business aid had a negative net impact on regional economic growth. This suggests that regional redistribution was ineffective, potentially due to a lack of spatial concentration to create growth poles.
BASE
In: Bundesbank Series 1 Discussion Paper No. 2008,28
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In: Bundesbank Series 2 Discussion Paper No. 2008,20
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In: Bundesbank Series 2 Discussion Paper No. 2006,02
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In: Bundesbank Series 2 Discussion Paper No. 2005,07
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