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conditional convergence theory. Cross-country regression further suggests that the Republic of Korea's catch-up to the United … decades due to the convergence effect and with the rebalancing toward a domestic consumption and services-based economy. The …
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improved institutions, guided the economy to realize its strong potential for convergence to advanced economy income level …. China's average potential GDP growth will decline significantly over the coming decade due to convergence effect and …
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conditional convergence theory. Cross-country regression further suggests that the Republic of Korea's catch-up to the United … decades due to the convergence effect and with the rebalancing toward a domestic consumption and services-based economy. The …
Persistent link: https://www.econbiz.de/10012992256
Emerging economies have an increasing influence on the global economy and there is general optimism regarding their prospects. However, given a sustained income gap between emerging and advanced economies, there is concern that many emerging economies will never match the advanced economies in...
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