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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
, convergence, and resource endowment effects are statistically significant. For sulfur emissions, the scale and convergence effects …
Persistent link: https://www.econbiz.de/10010886818
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
How does global aging affect the convergence in global economic development? Both the developing and developed world …
Persistent link: https://www.econbiz.de/10011255772
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. The industry seems to be characterized by oligopoly with the onset of economic reforms not making much difference to … industrial structure. Convergence of sales and capacity at the level of the industry is conditional while it is absolute at the …
Persistent link: https://www.econbiz.de/10005030287
average (worldwide). While it may be possible to identify a global tendency towards convergence in demographic trends …
Persistent link: https://www.econbiz.de/10010711784
driven by economic growth, convergence in energy intensity, and weak decoupling. There is no sign of strong decoupling. …
Persistent link: https://www.econbiz.de/10011099011
This paper addresses the interplay between economic growth, energy use, change in sectoral composition and technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over the period 1970-1997. A cross-country decomposition...
Persistent link: https://www.econbiz.de/10011256348
This discussion paper resulted in a publication in the 'World Bank Economic Review', 2007, 21, 1-20.<p> There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a...</p>
Persistent link: https://www.econbiz.de/10011256469