Showing 1 - 10 of 13
This paper examines the evidence for regional convergence or catch-up in levels and growth rates of per capita income …, Re-Weighted Least Squares, and Least Trimmed Squares - establish that unconditional convergence in growth rates does not … obtain, but that there is clear and robust evidence of conditional convergence. This suggests that important differences …
Persistent link: https://www.econbiz.de/10010605213
becoming more or less concentrated. The existing literature has found deconcentration (convergence) of employment across urban …
Persistent link: https://www.econbiz.de/10005090665
, the model allows for conditional convergence to a long-run level of TFP relative to the frontier.  We also develop an … convergence has taken place over our sample period and that geographic distance to the technology frontier matters. …
Persistent link: https://www.econbiz.de/10011004195
A convergence model with wealth accumulation subject to i.i.d. random shocks is examined. The transfer function shows … econometric theory of time series. Economic theory forces consideration of a broad range of cases, including some which violate B-convergence …
Persistent link: https://www.econbiz.de/10010604867
In this paper we present a general result concerning the convergence to stochastic integrals with non-linear integrands …
Persistent link: https://www.econbiz.de/10010605152
A convergence model in which wealth accumulation is subject to i.i.d. random shocks is examined. The accumulation …
Persistent link: https://www.econbiz.de/10010605252
selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …
Persistent link: https://www.econbiz.de/10005047864
particular, physical capital investment, changes in the structure of employment, conditional convergence, and population growth …
Persistent link: https://www.econbiz.de/10005090644
The paper examines the contentious issue of the extent of surplus labour that remains in China.  China was an extreme example of a surplus labour economy, but the rapid economic growth during the period of economic reform requires a reassessment of whether the second stage of the Lewis model...
Persistent link: https://www.econbiz.de/10008465496
Recent attempts to incorporate optimal fiscal policy into New Keynesian models subject to nominal inertia, have tended to assume that policy makers are benevolent and have access to a commitment technology.  A separate literature, on the New Political Economy, has focused on real economies...
Persistent link: https://www.econbiz.de/10008495880