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  • 1
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    Louvain-la-Neuve: European Regional Science Association (ERSA)
    Publication Date: 2015-09-11
    Description: The study of corruption is attracting lot of attention in recent years. Focusing on the economic consequences of corruption, the empirical evidence points to a positive relation between institutional integrity, or absence of corruption, and economic growth. Although most developed countries tend to have lower corruption than less developed ones, there exists significant variation within OECD countries. As an example, it may be observed that the gap in perceived corruption between the Nordic countries and southern Europe is larger than the gap between southern Europe and the average of the emerging economies. In this context, the objective of this paper is to analyze the impact of corruption on economic performance in a sample of OECD countries during the period 1980-2000. Specifically, we study the effect of corruption on productivity and efficiency change, trying to determine whether productivity growth is greater in countries with lower corruption. To this end, different productivity measures are compared by considering both output per worker and Total Factor Productivity (TFP). Furthermore, TFP change is decomposed into efficiency change and technological progress by means of Malmquist productivity indices. On the basis of this of this decomposition we will analyze whether corruption affect TFP growth via efficiency gains or technological change, thus gaining insight into the channels through which corruption influence economic growth.
    Keywords: ddc:330
    Language: English
    Type: doc-type:conferenceObject
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  • 2
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    Louvain-la-Neuve: European Regional Science Association (ERSA)
    Publication Date: 2015-09-10
    Description: Tourism is one of the most important sectors in the world economy, and it is now considered as an efficient tool for promoting economic growth. In this respect, the experience of the Spanish economy is well known, and might be used to illustrate the benefits of the development of the tourism sector in lagging economies. Actually, there is wide consensus in the idea of its role in enhancing the Spanish industrialisation process. The foreign currency receipts from tourism contributed to finance the expansion of manufacturing by financing imports of capital goods. Moreover, the expansion of tourism in the last three decades has been unstoppable and beneficial for the economy in different aspects. The main purpose of this paper is to assess the real role of the tourism sector in the Spanish economy during the last three decades, paying especial attention to its contribution to the industrialisation of some of the less developed regions. Policy issues that are derived from the results for the Spanish experience should be useful for other developing countries in similar situations, and reveal how the tourist activity in those economies can benefit the overall economy, helping growth in other sectors.
    Keywords: ddc:330
    Language: English
    Type: doc-type:conferenceObject
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  • 3
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    Louvain-la-Neuve: European Regional Science Association (ERSA)
    Publication Date: 2015-09-11
    Description: During the last years have appeared several papers in the literature which provide empirical evidence of the importance of the role of tourism in the economic growth but always for a concrete country or for a sample of countries. In this paper, however, the importance of the expansion of the tourism sector is studied at regional level, that is to say, the relevance of tourism for the regional economic growth, within a country . For this objective, we focus this work in two of the most important countries in tourism terms around the world: Italy and Spain. In this sense, not only the effect of international tourism is analysed, as it is usual in this kind of studies, but also the importance of the domestic market. Complementary, in addition to analyse the Spanish and Italian regions jointly and separately, we take into account some criteria as, for instance, the geographical location of regions. The period of analysis is from 1990 to 2000. And regarding the methodology, the Arellano-Bond estimator for dynamic panels and the Kiviet's finite sample correction are applied.
    Keywords: ddc:330
    Language: English
    Type: doc-type:conferenceObject
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  • 4
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    Louvain-la-Neuve: European Regional Science Association (ERSA)
    Publication Date: 2015-09-11
    Description: International tourism is a major foreign exchange earner and a principal export for many low income countries as well as for developed ones. Nowadays many developing countries focus economic policies on promoting international tourism as a potential source of economic growth for the country However, the understanding of the relationship between exports and economic growth is still ongoing and, while cross-section studies support the hypothesis that exports promote growth, time series studies have been less conclusive. This paper has the objective to assess if exports and tourism have really promoted growth at an aggregated level for the two main developed countries in the Mediterranean area, namely Italy and Spain, that represent important countries regarding the expansion of tourism. The methodology applied in this work is a cointegration methodology and the Granger causality test.
    Keywords: ddc:330
    Language: English
    Type: doc-type:conferenceObject
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