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A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Instituut - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …

Persistent link: https://www.econbiz.de/10011255754

The determinants of Italy's regional imbalances over the long run: exploring the contributions of human and social capital

Felice, Emanuele - Department of Economics, Oxford University - 2011

inequality in Italy. More particularly, convergence in value added per capita across Italy's regions is tested (through both …

Persistent link: https://www.econbiz.de/10011004271

Family Structure and the Education Gender Gap: Evidence from Italian Provinces

Bertocchi, Graziella; Bozzano, Monica - CESifo - 2013

We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....

Persistent link: https://www.econbiz.de/10010877959

Cognitive ability, character skills, and learning to play equilibrium: A level-k analysis

Gill, David; Prowse, Victoria - Department of Economics, Oxford University - 2014

In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...

Persistent link: https://www.econbiz.de/10011004460

Decoupling Economic Growth and Energy Use. An Empirical Cross-Country Analysis for 10 Manufacturing Sectors

Mulder, Peter; Groot, Henri L.F. de - Tinbergen Instituut - 2004

This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...

Persistent link: https://www.econbiz.de/10011255666

Global Aging and Economic Convergence: A Real Option or Still a Case of Science Fiction?

Dalen, Hendrik P. van - Tinbergen Instituut - 2007

How does global aging affect the convergence in global economic development? Both the developing and developed world …

Persistent link: https://www.econbiz.de/10011255772

Defining European Wholesale Electricity Markets: An “And/Or” Approach

Dijkgraaf, Elbert; Janssen, Maarten C.W. - Tinbergen Instituut - 2009

An important question in the dynamic European wholesale markets for electricity is whether to define the geographical market at the level of an individual member state or more broadly. We show that if we currently take the traditional approach by considering for each member state whether there...

Persistent link: https://www.econbiz.de/10011255814

Convergence and Stability in US Regional Employment

Glyn, Andrew; Rowthorn, Robert - Department of Economics, Oxford University - 2002

It is widely believed that regional labour markets in the USA are highly flexible, so that employment shocks have only transitory effects on joblessness since induced migration quickly offsets much of the initial impact. However time-series analysis of the response to shocks is very sensitive to...

Persistent link: https://www.econbiz.de/10010604964

GMM Estimation of Empirical Growth Models

Bond, Stephen; Hoeffler, Anke - Department of Economics, Oxford University - 2001

This paper highlights a problem in using the first-differenced GMM panel data estimator to estimate cross-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since lagged levels of the series provide only weak instruments...

Persistent link: https://www.econbiz.de/10010605272

Reaching Market Equilibrium Merely by Bilateral Barters

Flåm, Sjur Didrik - CESifo - 2013

convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible …

Persistent link: https://www.econbiz.de/10010721608