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In this study, we examine both stochastic and deterministic convergence in the logarithm of the relative per capita income of eighteen EU countries. The panel stationary test developed by Carrion-i Silvestre et al. (2005) is employed over the period 1950-2010. The univariate results attained...
Persistent link: https://www.econbiz.de/10010938021
The stochastic convergence amongst Mexican Federal entities is analyzed in panel data framework. The joint consideration of cross-section dependence and multiple structural breaks is required to ensure that the statistical inference is based on statistics with good statistical properties. Once...
Persistent link: https://www.econbiz.de/10005059596
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10012908671
This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests …
Persistent link: https://www.econbiz.de/10013321110
Since at least the mid-2000's, many advanced economies have experienced low productivity growth. This development is … often related to the declining productivity gains at the technology frontier, which is commonly assumed to be determined by … the U.S. We challenge this explanation by studying the effects of changes in U.S. technology on the productivity level in …
Persistent link: https://www.econbiz.de/10011982561
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011897954
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …
Persistent link: https://www.econbiz.de/10011900858
This paper investigates the mining industry's poor productivity performance as measured by the conventional multifactor … productivity (MFP) index during the recent mining boom in Australia. We derive a relationship between the measured and 'true' MFP …
Persistent link: https://www.econbiz.de/10014188719
Decisionmakers considering policies to mitigate climate change will benefit from information about current and future distributions of carbon dioxide (CO2) emissions. Examining the emissions dynamics of advanced economies that have experienced income convergence could provide insights about how...
Persistent link: https://www.econbiz.de/10005442433
The catching up process in Czech Republic, Hungary, and Poland is analyzed by investigating the integration properties of log-differences in per-capita GDP versus the EU15 and a Mediterranean country group. We account for structural changes by using unit root tests that allow for two endogenous...
Persistent link: https://www.econbiz.de/10010263582