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We show in this paper that spatial dependence and spatial heterogeneity matter in the estimation of the b-convergence … dependence and spatial heterogeneity in the form of structural instability across spatial convergence clubs. The estimation of … the appropriate spatial regimes spatial error model shows that the convergence process is different across regimes. We …
Persistent link: https://www.econbiz.de/10005556337
participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world …
Persistent link: https://www.econbiz.de/10005076554
In a former study (Carvalho 1995) we modeled the housing market in Portugal in a classic cross section framework and did find that housing construction was dependant from income, population and sensitive to location. Nevertheless we couldn<92>t find the extent of this sensitivity in such a...</92>
Persistent link: https://www.econbiz.de/10005119161
applied for full membership in the European Union. The results support convergence in general, but indicate a wide disparity … in the degree of convergence. From the real exchange rate standpoint the paper identifies the best candidates to join the …
Persistent link: https://www.econbiz.de/10005062689
fragilités, l’utilisation des procédures d’agrégation multicritère permettra de mesurer le degré de convergence des pays du …
Persistent link: https://www.econbiz.de/10005408189
participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world …
Persistent link: https://www.econbiz.de/10005556858
The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. The countries in Latin America have not had...
Persistent link: https://www.econbiz.de/10005407890
One of the goals of the Heavily Indebted Poor Countries (HIPC) debt initiative is to provide additional resources for basic health care to the population of eligible developing countries. In this paper I investigate the effect of debt relief on per capita health expenditure in a sample of...
Persistent link: https://www.econbiz.de/10005062697
Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a short period, usually four years, while significant portions of aid are unlikely to affect growth in such a brief time. We divide aid into three categories: (1) emergency and...
Persistent link: https://www.econbiz.de/10005408143
This paper is a review of the different approaches on external debt sustainability. The Heavily Indebted Poor Country (HIPC) Initiative was launched to assure a permanent exit from debt dependence. However, the IMF-World Bank program is not without faults, in particular for what concerns debt...
Persistent link: https://www.econbiz.de/10005556649