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Markov or not Markov : this should be a question

Bickenbach, Frank; Bode, Eckhardt - 2001

Although it is well known that Markov process theory, frequently applied in the literature on income convergence …

Persistent link: https://www.econbiz.de/10011495597

Assessing the advantages of EMU-enlargement for the EU and the accession countries : a comparative indicator approach

Schweickert, Rainer - 2001

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …

Persistent link: https://www.econbiz.de/10011490871

Governmental activity, integration, and agglomeration

Ott, Ingrid (contributor); Soretz, Susanne (contributor) - 2008

This paper analyzes, within a regional growth model, the impact of productive governmental policy and integration on the spatial distribution of economic activity. Integration is understood as enhancing territorial cooperation between the regions, and it describes the extent to which one region...

Persistent link: https://www.econbiz.de/10003778345

Regional evidence on the finance-growth Nexus

Vaona, Andrea (contributor) - 2006

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography -...

Persistent link: https://www.econbiz.de/10003347559

Avoiding the trap : the dynamic interaction of North-South capital mobility and technology diffusion

Hübler, Michael (contributor) - 2009

This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...

Persistent link: https://www.econbiz.de/10003795826

The optimal transfer of capital and embodied technologies to developing countries

Hübler, Michael (contributor); Lontzek, Thomas (contributor) - 2009

intertemporal global welfare maximization. Convergence of the growth rates of technical change in the North and South always occurs …

Persistent link: https://www.econbiz.de/10003795829

Real sector macroeconomic stabilization and structural resilience in Africa

Krantz, Sebastian - 2022

Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper documents and seeks to explain these changes at...

Persistent link: https://www.econbiz.de/10013336273

Africa's great moderation

Krantz, Sebastian - 2022 - [12/2022 ]

Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation, which deserves to be called a ”Great African...

Persistent link: https://www.econbiz.de/10013463481

Is favoritism a threat to Chinese aid effectiveness? : A subnational analysis of Chinese development projects

Dreher, Axel; Fuchs, Andreas; Hodler, Roland; Parks, Bradley - 2019

Chinese aid comes with few strings attached, allowing recipient country leaders to use it for domestic political purposes. The vulnerability of Chinese aid to political capture has prompted speculation that it may be economically ineffective, or even harmful. We test these claims by estimating...

Persistent link: https://www.econbiz.de/10012025573

Fiscal multipliers and the labour market in the open economy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2010

Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...

Persistent link: https://www.econbiz.de/10003932607