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Using panel data, this paper explores the role of infrastructure and human capital in the convergence of income levels … reject the hypothesis of non-convergence in per capita incomes of UE countries, but the results do not support the hypothesis … that the speed of convergence is affected by infrastructures. …
Persistent link: https://www.econbiz.de/10005021900
This paper tests the convergence hypothesis across the EU NUTS II regions between 1990 and 2001. It does that using the … working-age person. The results show that there is convergence of output per capita and productivity, but not of output per … working-age person. This is due to the fact that the evolution of demography plays in favour of convergence while employment …
Persistent link: https://www.econbiz.de/10005021905
After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about its main preposition – that the long-run equilibrium of the economy is a position of involuntary unemployment – was established. The consensus view that emerged from it,...
Persistent link: https://www.econbiz.de/10005551006
Persistent link: https://www.econbiz.de/10003930144
Persistent link: https://www.econbiz.de/10009782655
The Brazilian municipalities show a huge disparity in income level. The GDP per capita difference between the richest and the poorest municipalities is about 190 times, according to IBGE (2000) database. Institutionalist theory provides a plausible explanation for the gap among municipalities...
Persistent link: https://www.econbiz.de/10009642542
Some evidences and theories point to the existence of a relationship between economic growth and current account balance. According to this approach, the external sector performance is a key element for an economy to reach sustainable rates of investment and economic growth. On the other hand,...
Persistent link: https://www.econbiz.de/10008751888
Neste artigo descreveremos as principais características do modelo de crescimento pós-keynesiano formulado por Oreiro & Ono (2005), assim como também proporemos a sua reestruturação, particularmente, através de mudanças nos módulos I e II do modelo. No módulo I, que trata da demanda...
Persistent link: https://www.econbiz.de/10005731996
Human capital, productivity and physical capital are considered the main factors in the economies’ GDP per capita determination. According to the neoclassical approach, human capital accumulation explains about a third of the variation in per capita income across countries. However, there is...
Persistent link: https://www.econbiz.de/10005551000
Neste trabalho utilizamos uma versão estendida do modelo multisetorial Pasinettiano “pure labour”, envolvendo setores verticalmente integrados para analisar as mudanças estruturais decorrentes da inclusão de uma economia em desenvolvimento no comércio internacional. Estabelecemos as...
Persistent link: https://www.econbiz.de/10005551003