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An Open-Economy Ramsey-Cass-Koopmans Model in Reduced Form

Spiro, Daniel - 2021

-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Persistent link: https://www.econbiz.de/10012657999

Ideologically-Charged Terminology : Austerity, Fiscal Consolidation, and Sustainable Governance

Gründler, Klaus - 2019

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use the term “austerity” in scientific studies and measure austerity in empirical analyses. The sample includes around 3,500 journal articles published in the top 400 journals...

Persistent link: https://www.econbiz.de/10012871647

Dualism and cross-country growth regressions

Temple, Jonathan; Woessmann, Ludger - 2004

This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...

Persistent link: https://www.econbiz.de/10010261270

Terms of trade, catch-up, and home market effect: the example of Japan

Urban, Dieter M. - 2007

This paper explores theoretically and empirically the long run relation of the terms of trade (ratio of domestic and foreign prices of traded manufacturing goods) and economic growth of a pair of industrialized countries, one of which experiences a major catch-up process towards the other. It is...

Persistent link: https://www.econbiz.de/10010264264

Long memory in US real output per capita

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2009

This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...

Persistent link: https://www.econbiz.de/10010271970

Reaching Market Equilibrium Merely by Bilateral Barters

Flåm, Sjur Didrik - 2013

convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible …

Persistent link: https://www.econbiz.de/10010328735

Family Structure and the Education Gender Gap: Evidence from Italian Provinces

Bertocchi, Graziella; Bozzano, Monica - 2013

We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....

Persistent link: https://www.econbiz.de/10010328844

Good institutions are not enough: Ongoing challenges of East German development

Carlin, Wendy - 2010

A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role …

Persistent link: https://www.econbiz.de/10010274948

A pair-wise approach to testing for output and growth convergence

Pesaran, Mohammad Hashem - 2004

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …

Persistent link: https://www.econbiz.de/10010276156

Structural Reforms and the Enlargement of Monetary Union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10010314958