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By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
Persistent link: https://www.econbiz.de/10009757366
convergence in the two economies. This is the first of its kind. The paper presents a detailed examination of economic growth in … countries and investigates whether there is any evidence of regional convergence during the period of rapid economic growth. It …
Persistent link: https://www.econbiz.de/10010284653
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 tourism countries within a sample of 143 countries, observed during the period 1980-95....
Persistent link: https://www.econbiz.de/10011592920
Most of the earlier studies on the convergence of income in China are based on provincial level data with a few papers … very little evidence of convergence to the mean income in various spatial groupings. Furthermore, the empirical analysis …
Persistent link: https://www.econbiz.de/10010729533
​China's local government debt (LGD) has recently become the focus of economic policy debates. However, information about LGD and its impact on economic growth in the Chinese economy is scarce. This paper attempts to present an empirical investigation of the impact of China's LGD on economic...
Persistent link: https://www.econbiz.de/10012148737
China’s local government debt (LGD) has recently become the focus of economic policy debates. However, information about LGD and its impact on economic growth in the Chinese economy is scarce. This paper attempts to present an empirical investigation of the impact of China’s LGD on economic...
Persistent link: https://www.econbiz.de/10011098218
Persistent link: https://www.econbiz.de/10012312370
convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …
Persistent link: https://www.econbiz.de/10011608798
Persistent link: https://www.econbiz.de/10011546899
Persistent link: https://www.econbiz.de/10010400893