Showing 1 - 10 of 16
the pattern of China’s regional economic growth on the basis of a theoretical model on convergence. We find a tendency to …
Persistent link: https://www.econbiz.de/10011099185
This paper examines the process of convergence in relative GDP per capita across EU countries and Turkey and … convergence was found to be higher for EU countries. We apply panel data tests of convergence with annual data available from 1998 …
Persistent link: https://www.econbiz.de/10010991244
This study attempts to examine the growth pattern of China’s economy during 1978-1998 from the perspective of income distribution dynamics. Motivated by the model of dynamic distribution, a transition matrix is derived from a panel of ratios of provincial real incomes to national averages...
Persistent link: https://www.econbiz.de/10011118444
Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative economic growth are experienced, with losses having more than twice as much impact on...
Persistent link: https://www.econbiz.de/10011206863
We revisit Western Europe’s record with labor-productivity convergence, and tentatively extrapolate its implications … capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …
Persistent link: https://www.econbiz.de/10010745276
We hypothesize that cultural appreciation of hard work and thrift, the "Protestant ethic" according to Max Weber, had a pre-Reformation origin. The proximate source of these values was, according to the proposed theory, the Catholic Order of Cistercians. In support, we document that the...
Persistent link: https://www.econbiz.de/10010818962
In this paper we argue that the answer is yes. Our optimism rests on the finding that differences in the level of institutional quality predict cross-country variation in African economic growth during the period 1995-2011. This finding is quite robust. It holds in OLS, LAD and 2SLS settings; it...
Persistent link: https://www.econbiz.de/10010818964
The influence of life expectancy on schooling is usually thought of as one main mechanism by which life expectancy possibly affects income per capita and thus economic development. However, the relevance of this channel has been qualified in recent research. This paper studies whether life...
Persistent link: https://www.econbiz.de/10010818965
Developing countries are vulnerable to the adverse effects of climate change, yet there is disagreement about what they should do to protect themselves from antic- ipated damages. In particular, it is unclear what the optimal balance is between investments in traditional productive capital...
Persistent link: https://www.econbiz.de/10011126276
This paper explores the role of knowledge flows and TFP growth by using direct survey data on knowledge flows linked to firm-level TFP growth data. Our knowledge flow data correspond to the kind of information flows often argued, especially by policy-makers, as important, such as within the...
Persistent link: https://www.econbiz.de/10011071306