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We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence … Industrial Revolution, peaked during the Second World War, and decreased afterwards. This pattern is fully consistent with the …
Persistent link: https://www.econbiz.de/10011671956
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
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regions, we find evidence for conditional convergence with speed around two percent. The convergence process between countries … is dominated by the catching up process of regions in Central and Eastern Europe (CEE), whereas convergence within …
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The speed of income convergence in Europe remains one of the hot topics in regional economics. Recently Bayesian Model …., Feldkircher, M. (2012), 'Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe', Journal of Applied … Econometrics, forthcoming. LeSage, J., Fischer, M. (2008), 'Spatial Growth Regressions, Model Specification, Estimation, and …
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This study analyzes the time stability of both the GDP beta convergence and the impact of monetary policy variables on … – at 3% p.a. (2) The pure mechanism of conditional convergence of the countries under study was rather constant over time …
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