Showing 1 - 10 of 13
convergence. We apply three approaches to convergence – beta-convergence, sigma-convergence and quantile-convergence (q-convergence … check if countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the …
Persistent link: https://www.econbiz.de/10011801809
Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...
Persistent link: https://www.econbiz.de/10014533530
integration, so we augment a model of conditional wage convergence through the inclusion of sector-specific broad and narrow … supporting unconditional skill-specific wage convergence in EU sectors. In a conditional setting, (slow) wage convergence takes …
Persistent link: https://www.econbiz.de/10011802179
, their wholesale national gas markets are highly heterogeneous. We study the determinants of cross-country convergence of … pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … the existence of a convergence process. This result carries over to the notion of σ-convergence and is robust to a number …
Persistent link: https://www.econbiz.de/10012395753
estimation of a conditional convergence model. In general, reliance on natural resource exports slows growth, but we find that …
Persistent link: https://www.econbiz.de/10013175560
Persistent link: https://www.econbiz.de/10013274276
Persistent link: https://www.econbiz.de/10013274364
This paper addresses the lack of connection between theory and empirics in most export diversification - economic development studies. We provide a Ricardian-based theoretical explanation of countries' relative export variety as a function of the level of technology and country size assessed...
Persistent link: https://www.econbiz.de/10011920903
We consider a multi-sector general equilibrium model with IO linkages, sector-specific productivities and tax rates. Using tools from network theory, we investigate how the IO structure interacts with productivities and taxes in the determination of aggregate income. We show that aggregate...
Persistent link: https://www.econbiz.de/10011491913
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10012694566