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the regional output per worker and raises the speed of convergence. By contrast, the pure geographical metrics is … underperforming, while underestimating the convergence dynamics. …
Persistent link: https://www.econbiz.de/10008855341
Assessing regional growth and convergence across Europe is a matter of primary importance, either in light of the … structural heterogeneities and spatial effects could fail to detect club convergence phenomena. In this paper, we adopt a … spatially filtered mixture regression approach that endogenously identifies regional clubs of beta-­convergence, in order to …
Persistent link: https://www.econbiz.de/10005756561
Persistent link: https://www.econbiz.de/10001978822
"State per capita incomes became more disperse during the contraction phase of the Great Depression, and less disperse during the recovery phase. We investigate the effects of geography, industry structure, bank failures and fiscal policies on state income growth during each phase. We find that...
Persistent link: https://www.econbiz.de/10002917588
Persistent link: https://www.econbiz.de/10003344545
This paper provides a theory to explain the paradoxical features of the great housing boom in China —the persistently faster-than-GDP housing price growth, exceptionally high capital returns, and excessive vacancy rates. The expectation that high capital returns driven mainly by resource...
Persistent link: https://www.econbiz.de/10011027343