Showing 1 - 10 of 4,214
We analyze a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. Using principal components (Bai, 2004; Bai and Ng, 2004) we find that a single common “V-factor” captures well the significant shift in the cross-sectional distribution of state-sectoral...
Persistent link: https://www.econbiz.de/10011065908
can diverge from the countries at the global frontier. We measure the degree of divergence for each country and find that …
Persistent link: https://www.econbiz.de/10011083897
Persistent link: https://www.econbiz.de/10005607499
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
This paper examines long-run growth performance and regional divergence in per capita income across 15 major Indian … states during the pre- and post-reform periods. Evidence shows that the divergence has increased the post-reform period. The … divergence has been due to inter-state variations in production structures, human capital and infrastructure. Larger public …
Persistent link: https://www.econbiz.de/10010781177
, productivity growth was propelled by technological progress. We find a tendency toward convergence with regard to productivity …
Persistent link: https://www.econbiz.de/10010868905
This paper studies the role of internal migration in income convergence across regions in Japan. Neoclassical theory … predicts that migration should have been an important source of convergence, but regression results suggest otherwise. The … shown that, although this effect did slow down convergence, its magnitude was too small to account for the discrepancy …
Persistent link: https://www.econbiz.de/10005123658
After arguing that the concepts of b-convergence and s-convergence are independently interesting, this paper extends … the empirical evidence on regional growth and convergence across the United States, Japan, and five European nations. We … confirm that the estimated speeds of convergence are surprisingly similar across data sets: regions tend to converge at a …
Persistent link: https://www.econbiz.de/10005114384
. The cross section of countries exhibits s-divergence and conditional b-convergence. The speed of conditional convergence …The concepts of s-convergence, absolute b-convergence and conditional b-convergence are discussed in this paper. The …. Except for the large cross section of countries, all data sets display strong evidence of s-convergence and absolute b-convergence …
Persistent link: https://www.econbiz.de/10005656407