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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
necessarily convergence of the arbitrage pricing intervals in that context. We prove here that we have very good convergence …
Persistent link: https://www.econbiz.de/10010861455
(EMU), depending on the individual state of convergence of the accession candidates. As a political rather than an economic … decision on EMU enlargement is not beyond imagination, we argue that institutional convergence, in particular central bank … convergence, as it indicates an appropriate policy assignment and thereby fosters real and nominal convergence. The paper starts …
Persistent link: https://www.econbiz.de/10005786026
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common "V-Factor" accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10005090481
-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
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
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
multi-polar world and to identify the causes of the strategic convergence of management education, to explore the … of the development and convergence of international business schools and business education, and an outline of …
Persistent link: https://www.econbiz.de/10010737655
: that of the divergence or convergence of tastes. Based on a sample of 622 popular films released between 2005 and 2009 in … build an alternative and useful form of tastes’ convergence. …
Persistent link: https://www.econbiz.de/10010747574
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