Showing 1 - 6 of 6
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
A switching regression approach with imperfect sample separation information is used to determine convergence clubs …. Regime classification allows one to determine which countries belong to the related convergence clubs. Initial per capita GDP …
Persistent link: https://www.econbiz.de/10010707200
Periods for european convergence Real convergence of european economies is disputed in recent studies which suggest an … opposition between real and nominal convergence. This paper enlarges the perspective and considers real convergence over … highlights the distinction between p- and CJ-convergence. Finally, national specific performances, as measured by residuals to …
Persistent link: https://www.econbiz.de/10010707950
This paper evaluates the convergence of energy intensities for a group of 97 countries in the period 1971 …–2003. Convergence is tested using a recent method proposed by Pesaran (2007) [Pesaran, M.H., 2007. A pair-wise approach to testing for … output and growth convergence. Journal of Econometrics 138, 312–355] based on the stochastic convergence criterion. An …
Persistent link: https://www.econbiz.de/10010708323
This paper analyses the dynamics and welfare properties of a simple AK endogenous growth model with intersectoral capital externalities. When externalities are sufficiently large, the model generates multiple growth trajectories all convergingtowards the (unique) balanced growth path. Solving...
Persistent link: https://www.econbiz.de/10011074177
This paper analyses the effects of transitory increases in government spending when public debt is used as liquidity by the private sector. Aggregate shocks are introduced into an incomplete-market economy where heterogenous, infitely-lived households face occasionally binding borrowing...
Persistent link: https://www.econbiz.de/10010861556