Showing 1 - 10 of 12
The paper surveys the main trends of per capita income convergence in the European Union. It stresses that income … disparities have ceased to diminish across the European regions since 1980, although convergence between countries has continued … behind income convergence are analized by means of the decomposition of per capita income in labor productivity and …
Persistent link: https://www.econbiz.de/10005463756
Main trends of per capita income convergence in Portugal and the European Union are surveyed. An explanation is given … to the fact that in the last two decades countries have converged, while no visible convergence has taken place among the … distribution of the stock of existing firms in the European Union is fixed, it is assumed that the degree of convergence follows …
Persistent link: https://www.econbiz.de/10005463763
environment and also are the foremost responsible of global warming and climate change. This paper assesses convergence in eco … al. (2012). Then, convergence is evaluated using the Phillips and Sul (2007) approach that allows testing for the … existence of convergence groups. Although the results point to the existence of different convergence clubs depending on the …
Persistent link: https://www.econbiz.de/10010630602
We use rolling cointegration to measure the convergence of base money, M2, the consumer price index and industrial …
Persistent link: https://www.econbiz.de/10005489862
We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU …
Persistent link: https://www.econbiz.de/10005652568
The present fiscal difficulties of many countries amplify the call for structural reforms. To provide stylized facts on how reforms worked in the past, we quantitatively review 60 studies estimating the relation between reforms and growth. These studies examine structural reforms carried out in...
Persistent link: https://www.econbiz.de/10011161367
transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures …
Persistent link: https://www.econbiz.de/10005784718
the governments of the 15 EU countries. We have used the forecasts of the Stability and Convergence Programmes submitted …
Persistent link: https://www.econbiz.de/10010630633
According to conventional macroeconomics, public debt has a significant effect on the economy since consumers see public debt as net wealth, however, according to the Ricardian Equivalence hypothesis, that effect would be absent. This paper’s results, obtained from Euler equation estimations,...
Persistent link: https://www.econbiz.de/10005593028
In order to assess the existence of expansionary fiscal consolidations in Europe, panel data models for private consumption are estimated for the EU15 countries, using annual data over the period 1970–2005. Three alternative approaches to determine fiscal episodes are used, and the level of...
Persistent link: https://www.econbiz.de/10005463746