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Spatial externalities between Brazilian municipios and their neighbours

de Vreyer, Philippe; Spielvogel, Gilles - Université Paris-Dauphine (Paris IX) - 2009

convergence speed of per capita income among municipios and test whether spatial externalities are linked to local income growth …. Conditionally on structural characteristics, we find evidence of convergence between municipios and of positive spatial dependence …

Persistent link: https://www.econbiz.de/10010707128

Imitation and the Emergence of Nash Equilibrium Play in Games with Many Players

Cartwright, Edward - Department of Economics, University of Warwick - 2003

We model a learning dynamic in which players imitate and innovate. Of interest is to question whether Nash equilibrium play emerges, and if so, the role that imitation plays in this emergence. Our main result provides a general class of coordination games for which approximate Nash equilibrium...

Persistent link: https://www.econbiz.de/10005368642

Communism and Economic Modernization

Harrison, Mark - Department of Economics, University of Warwick - 2012

The paper examines the range of national experiences of communist rule in terms of the aspiration to ‘overtake and outstrip the advanced countries economically’. It reviews the causal beliefs of the rulers, the rise and fall of their economies (or, in the case of China, its continued rise),...

Persistent link: https://www.econbiz.de/10010758449

OPTIMUM CURRENCY AREA INDICES : EVIDENCE FROM THE 1990s

Horváth, Roman; Komárek, Luboš - Department of Economics, University of Warwick - 2003

In this paper the authors calculate OCA-indexes for industrial countries in an effort to estimate the benefit-cost ratio of adopting a common currency. The results correspond to the estimation of Bayoumi and Eichengreen (1997b) and show that the ranking of the economies suitable to form a...

Persistent link: https://www.econbiz.de/10005178293

Pricing behaviour under competition in the UK electricity supply industry

Giulietti, Monica; Otero, Jesus; Waterson, Michael - Department of Economics, University of Warwick - 2007

This paper investigates the evolution of electricity prices for domestic customers in the UK following the introduction of competition. The empirical analysis is based on a panel data set containing detailed information about electricity supply prices over the period 1999 to 2006. The analysis...

Persistent link: https://www.econbiz.de/10005178333

LEARNING TO PLAY APPROXIMATE NASH EQUILIBRIA IN GAMES WITH MANY PLAYERS

Cartwright, Edward - Department of Economics, University of Warwick - 2003

an imitation dynamic and provide conditions under which play evolves to an imitation equilibrium ; convergence is …

Persistent link: https://www.econbiz.de/10005748223

The Micro-level Dynamics of Regional Productivity Growth: The Source of Divergence in Finland Revised

Böckerman, Petri; Maliranta, Mika - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2006

-industry restructuring in productivity growth, few studies have gone beyond the framework of the representative firm in examining convergence …

Persistent link: https://www.econbiz.de/10005749364

Productivity, Hours Worked, and Tax/Benefit Systems in Europe and Beyond

Kaitila, Ville - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2006

We analyse the development of labour productivity and hours worked by the working-aged population in the EU25 countries and other OECD countries in 1960-2004. We emphasise the possible effects of taxes, benefits and other labour-market variables. First, we describe the trends in productivity and...

Persistent link: https://www.econbiz.de/10005700261

Growth Prospects of Emerging Market Economies in Europe - How Fast Will They Catch up with the Old West?

Kaitila, Ville; Alho, Kari E. O.; Nikula, Nuutti - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2007

Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market … physical capital intensities in the long run. Due to standard-convergence in the model, catching up will continue at a … decelerating speed. Also nominal convergence in prices that will lead to a real appreciation of the EME currencies with respect to …

Persistent link: https://www.econbiz.de/10005700340

Convergence among five industrial countries (1870–1994): Results from a time varying cointegration approach

Le Pen, Yannick - Université Paris-Dauphine (Paris IX) - 2005

that, from the 1980's onwards, we can accept the hypothesis of stochastic convergence between France, Germany and Japan, on …

Persistent link: https://www.econbiz.de/10010707010