Convergence across countries and regions: theory and empirics

This paper surveys the recent literature on convergence across countries and regions. I discuss the main convergence and divergence mechanisms identified in the literature and develop a simple model that illustrates their implications for income dynamics. I then review the existing empirical evidence and discuss its theoretical implications. Early optimism concerning the ability of a human capital-augmented neoclassical model to explain productivity differences across economies has been questioned on the basis of more recent contributions that make use of panel data techniques and obtain theoretically implausible results. Some recent research in this area tries to reconcile these findings with sensible theoretical models by exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence analysis.convergence, growth

Testing, not modelling, the impact of Cohesion support: a theoretical framework and some preliminary results for the Spanish regions

This paper develops a simple model that can be used to estimate the effectiveness of Cohesion expenditure relative to similar but unsubsidized projects, thereby making it possible to explicitly test an important assumption that is often implicit in estimates of the impact of Cohesion policies. Some preliminary results are reported for the case of infrastructure investment in the Spanish regions.Cohesion policy effectiveness, Structural Fund evaluation

Testing, not Modelling, the Impact of Cohesion Support: A Theoretical Framework and some Preliminary Results for the Spanish Regions

This paper develops a simple model that can be used to estimate the effectiveness of Cohesion expenditure relative to similar but unsubsidized projects, thereby making it possible to explicitly test an important assumption that is often implicit in estimates of the impact of Cohesion policies. Some preliminary results are reported for the case of infrastructure investment in the Spanish regions.Cohesion policy effectiveness, structural fund evaluation

A simple model of aggregate pension expenditure

This paper develops a simple model that can be used to analyze the long-term sustainability of the contributive pension system and the steady-state response of pension expenditure to changes in some key demographic and economic variables, in the characteristics of the average pensioner and in the parameters that describe how pensions are calculated in Spain as a function of workers' Social Security contribution histories.pensions, sustainability, Spain

Does cohesion policy work?

structural policies

A first principles TDDFT framework for spin and time-resolved ARPES in periodic systems

We present a novel theoretical approach to simulate spin, time and angular-resolved photoelectron spectroscopy (ARPES) from first principles that is applicable to surfaces, thin films, few layer systems, and low-dimensional nanostructures. The method is based on a general formulation in the framework of time-dependent density functional theory (TDDFT) to describe the real time-evolution of electrons escaping from a surface under the effect of any external (arbitrary) laser field. By extending the so called t-SURFF method to periodic systems one can calculate the final photoelectron spectrum by collecting the flux of the ionization current trough an analysing surface. The resulting approach, that we named t-SURFFP, allows to describe a wide range of irradiation conditions without any assumption on the dynamics of the ionization process allowing for pump-probe simulations on an equal footing. To illustrate the wide scope of applicability of the method we present applications to graphene, mono- and bi-layer WSe$_2$, and hexagonal BN under different laser configurations

Phonon driven Floquet matter

A resonantly excited coherent phonon leads to a periodic oscillation of the atomic lattice in a crystal structure bringing the material into a non-equilibrium electronic configuration. Periodically oscillating quantum systems can be understood in terms of Floquet theory and we show these concepts can be applied to coherent lattice vibrations reflecting the underlying coupling mechanism between electrons and bosonic modes. This coupling leads to dressed quasi-particles imprinting specific signatures in the spectrum of the electronic structure. Taking graphene as a paradigmatic material we show how the phonon-dressed states display an intricate sideband structure revealing electron-phonon coupling and topological ordering. This work establishes that the recently demonstrated concept of light-induced non-equilibrium Floquet phases can also be applied when using coherent phonon modes for the dynamical control of material properties. The present results are generic for bosonic time-dependent perturbations and similar phenomena can be observed for plasmon, magnon or exciton driven materials