Overshooting the maastricht criteria : external imbalances and income convergence in the European Union /

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Tiruneh, Menbere Workie (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Nova Science Publishers, [2018]
Colección:Economic issues, problems and perspectives series.
Temas:
Economics > European Union countries.
Debts, Public > European Union countries.
Economic development > European Union countries.
Macroeconomics.
Économie politique > Pays de l'Union européenne.
Dettes publiques > Pays de l'Union européenne.
Développement économique > Pays de l'Union européenne.
Macroéconomie.
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Reference.
Debts, Public.
Economic development.
Economic policy.
Economics.
European Union countries > Economic policy.
Pays de l'Union européenne > Politique économique.
European Union countries.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Intro; Contents; Preface; Acknowledgments; Chapter 1; Global Imbalances: Theoretical Framework; 1.1. Theoretical Underpinnings of Global Imbalances; 1.2. Theoretical Underpinnings of External Imbalances: Literature Review; 1.2.1. The Savings-Investment Gap Model; 1.2.2. The Global Savings Glut Hypothesis; 1.3. The Intertemporal Model of the Current Account Balance; 1.3.1. Determinants of External Imbalances; 1.4. The Phenomenon of Twin Deficits in the EU; 1.4.1. Data and Empirical Specifications; 1.4.2. Empirical Specifications; 1.4.3. Panel Vector Autoregressive Model (VAR)
  • Lag Structure and Impulse Response Function1.5. Results; Chapter 2; Paradigm Shifts in Global Imbalances; 2.1. The First Phase of Global Imbalances: The 1980s; 2.2. The Second Phase of Global Imbalances: The 1990s; 2.3. The Third Phase of Global Imbalances: The New Millennium; 2.3.1. A Synchronized World in Both Good and Bad Times; Chapter 3; Capital Flight and External Imbalances; 3.1. Concept of Capital Flight; 3.2. The Causes of Capital Flight; 3.3. From Capital Flight to External Debt and Back Again; 3.4. Measurement of Capital Flight
  • 3.4.1. Narrow Measures of Capital Flight (Hot Money Method)3.4.2. Broader Measures of Capital Flight; 3.4.3. Sources of Funds and Uses of Funds Method; 3.4.4. Errors and Omissions as a Proxy for the EU's Illicit Capital Flows; Chapter 4; The Theory and Empirics of Economic Growth and Convergence; 4.1. Harrod-Domar Model; 4.1.1. Calibration of the Model (Predicting the Growth Rate); 4.2. The Neoclassical Model of Economic Growth; 4.2.1. Controversies in Empirical Findings; 4.2.2. Global Divergence but Club Convergence: New Empirical Evidence
  • 4.2.2.1. Would New EU Members Have Grown That Fast without the Incentive to Join the EU?4.2.3. The Absence of a Trickle-Down Effect in Income Convergence; 4.2.4. How Similar Are Business Cycle Movements at the Regional Level: Slovakia as a Case Study; 4.2.5. How Long Will Poor Countries Remain Poor: The Significance of Economic Growth; 4.2.5.1. The Catch-Up Equation; 4.2.5.2. The Results of Unconditional Convergence for EU Countries; 4.3. Endogenous Growth Model; 4.4. The Augmented Solow Model and Its Empirical Specification; 4.4.1. Measuring the Speed of Convergence
  • 4.5. The Impact of the Global Financial Crisis on Income Convergence in the EUChapter 5; Growth and Income Convergence in Times of External Imbalances: A Focus on the European Union; 5.1. The Evolution of European External Imbalances: Overshooting the Maastricht Criteria; 5.1.1. Overshooting the Maastricht Criteria: Where Do Countries Stand In Fulfilling the Maastricht Criteria?; 5.1.1.1. Cross-Country Variation in External Imbalances; 5.1.1.2. Cross-Country Variation in Public Debt Accumulation; 5.1.1.3. Convergence Followed by Divergence in Interest Rates

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