Showing 1 - 10 of 13
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
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical—distinguish from previous work in three distinct...
Persistent link: https://www.econbiz.de/10011071327
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
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
Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological diversification. Production makes use of different input varieties,...
Persistent link: https://www.econbiz.de/10010928680