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The convergence hypothesis has generated a huge empirical literature: this paper critically reviews some of the earlier … interpreting convergence empirics. The main ndings are: (1) The much-heralded uniform 2% rate of convergence could arise for … reasons unrelated to the dynamics of economic growth. (2) Usual empirical analyses|cross-section (conditional) convergence …
Persistent link: https://www.econbiz.de/10010746695
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10010306300
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10009294882
In late 2003 and early 2004 the Economic Society of Australia surveyed the Heads of Economics Departments in Australia to determine their views on three main issues: student standards, major factors affecting these standards, and policy implications. This paper describes the main results of the...
Persistent link: https://www.econbiz.de/10005423279
The aim of this paper is to examine the impact of natural resources, CO2 emission, energy use, domestic investment, innovation, trade, and digitalization on economic growth in the case of 52 African Countries. To attempt our goal, we used annual data of 52 African countries for the period 1996...
Persistent link: https://www.econbiz.de/10015268458
rate, and the adult literacy rate across states in Mexico between 1994 and 2000. It analyzes the hypothesis of convergence …
Persistent link: https://www.econbiz.de/10005515175
We nowcast and forecast Austrian economic activity, namely real gross domestic product (GDP), consumption and investment, which are available at a quarterly frequency. While nowcasting uses data up to (and including) the quarter to be predicted, forecasting uses only data up to the previous...
Persistent link: https://www.econbiz.de/10014436331
We examine the accuracy of survey-based expectations of the Chilean exchange rate relative to the US dollar. Our out-of-sample analysis reveals that survey-based forecasts outperform the Driftless Random Walk (DRW) in terms of Mean Squared Prediction Error at several forecasting horizons. This...
Persistent link: https://www.econbiz.de/10015262273
We nowcast and forecast Austrian economic activity, namely real gross domestic product (GDP), consumption and investment, which are available at a quarterly frequency. While nowcasting uses data up to (and including) the quarter to be predicted, forecasting uses only data up to the previous...
Persistent link: https://www.econbiz.de/10014432187
This research introduces an innovative GDP nowcasting strategy tailored for developing countries, specifically addressing challenges related to limited data timeliness. The study centers on Bolivia, where the official monthly indicator of economic growth is released with a substantial delay of...
Persistent link: https://www.econbiz.de/10015078275