Topic
Spillover effect
About: Spillover effect is a research topic. Over the lifetime, 7869 publications have been published within this topic receiving 167367 citations.
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01 Jun 2008
TL;DR: In this paper, the impact of structural funds on the convergence process of 145 European regions over 1989-1999 was assessed. And the results showed that structural funds have positively benefited to the growth of the targeted regions, but that growth in the least developed regions suffers from the small extent of regional spillover effects.
Abstract: The aim of this paper is to assess the impact of structural funds on the convergence process of 145 European regions over 1989-1999. With the aim or enhancing cohesion, these funds are primarily allocated to the least developed regions. The most important part of these funds is devoted to transportation infrastructures, which induce strong spillover effects. However, they do not necessarily contribute to a more even regional development. Their impact has, therefore, to be seen in the light of growth rate variations of the targeted region and of the whole sample. Using the formal tools of spatial econometrics, we fast detect strong evidence of spatial autocorrelation in the distribution of per capita GDP. Moreover, two clusters, representative of the core-periphery framework, are persistent over the period and highlight spatial heterogeneity. These spatial effects are then included in the estimation of an appropriate conditional B-convergence model, which allows us to control for spatial spillover effects among regions. Finally, with this model, simulation experiments assess the impact of shocks proportional to per capital structural funds, first on the growth rate of the targeted region, and second on the growth rate of all the regions of our sample. The results show that structural funds have positively benefited to the growth of the targeted regions, but that growth in the least developed regions suffers from the small extent of regional spillover effects.
325 citations
TL;DR: The authors identify conditions under which a brand scandal spills over and negatively affects attitudes and beliefs about the product category and about competing brands and examine factors that may enhance or reduce the likelihood of spillover effects and strategies for responding to scandal spillover.
Abstract: Three experiments identify conditions under which a brand scandal spills over and negatively affects attitudes and beliefs about the product category and about competing brands. The research also examines factors that may enhance or reduce the likelihood of spillover effects and strategies for responding to scandal spillover.
313 citations
TL;DR: In this article, the cross-country spillover effects of government purchases on output for a large number of OECD countries were estimated and shown to have an important impact, and also confirm those of our earlier papers that fiscal shocks have a larger impact when the affected country is in recession.
Abstract: In this paper, we estimate the cross-country spillover effects of government purchases on output for a large number of OECD countries. Following the methodology in Auerbach and Gorodnichenko (2012a, b), we allow these multipliers to vary smoothly according to the state of the economy and use real-time forecast data to purge policy innovations of their predictable components. We also consider the responses of other key macroeconomic variables. Our findings suggest that cross-country spillovers have an important impact, and also confirm those of our earlier papers that fiscal shocks have a larger impact when the affected country is in recession.
313 citations
TL;DR: The existence of spillover efficiency benefits to host country economies from inward foreign direct investment (FDI) is well documented in the literature, but they are not as clearly and consistently documented as the existence and magnitude of the relevant externalities as mentioned in this paper.
Abstract: The existence of spillover efficiency benefits to host country economies from inward foreign direct investment (FDI) is well documented in the literature.1 The determinants of the size and scope of the spillover benefits have also been studied, but they are not as clearly and consistently documented as the existence and magnitude of the relevant externalities.
312 citations
TL;DR: The authors found that lower barriers to entry, tighter restrictions on bank activities, and to a lesser degree higher minimum capital requirements in domestic markets are associated with lower bank lending standards in 16 countries.
312 citations