Showing 1 - 7 of 7
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
selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …
Persistent link: https://www.econbiz.de/10005047864
The study presents recent global evidence on the transformation of economic growth to poverty reduction in developing countries, with emphasis on the role of income inequality.  The focus is on the period since the early-mid-1990s when growth in these countries as a group has been relatively...
Persistent link: https://www.econbiz.de/10011004323
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
The apparent success of independent central banks in conducting monetary policy has led many to argue that some form of policy delegation should also be applied to the macroeconomic aspects of fiscal policy.  A number of countries have recently established Fiscal Councils, although their role...
Persistent link: https://www.econbiz.de/10008852053