Showing 1 - 10 of 10
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
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
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
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
This paper uses multivariate time series methods to investigate convergence of Chinese real GDP per capita at regional … and provincial levels over the period 1952 – 2001. We reject convergence across regions. However, we find evidence of …
Persistent link: https://www.econbiz.de/10011071594
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
This paper sets out to analyse the regional policy of the European Union by assessing whether the actual distribution of funds to the regions undermines the principle of territorial concentration. The empirical analysis shows that, due to either political equilibriums or inaccurate assumptions...
Persistent link: https://www.econbiz.de/10010745669
Transport infrastructure has represented one of the cornerstones of development and cohesion strategies in the European Union (EU) and elsewhere in the world. However, despite the considerable funds devoted to it, its impact remains controversial. This paper revisits the question of to what...
Persistent link: https://www.econbiz.de/10011126112
This paper investigates the impact of government spending on output and the size of the spending multiplier during periods of output contraction vs. expansion. It also investigates the impact of spending when the economy hits the nominal zero lower bound. It uses a panel of 21 advanced countries...
Persistent link: https://www.econbiz.de/10010840347