Showing 1 - 10 of 19
convergence speed of per capita income among municipios and test whether spatial externalities are linked to local income growth …. Conditionally on structural characteristics, we find evidence of convergence between municipios and of positive spatial dependence …
Persistent link: https://www.econbiz.de/10010707128
We use the historical self-employment rate as an indicator of a regional culture of entrepreneurship and link this measure to economic growth in recent periods. The results indicate that German regions with a high level of entrepreneurship in the mid-1920s have higher start-up rates about 80...
Persistent link: https://www.econbiz.de/10010764861
The availability of new harmonized data on bank interest rates allows a rigorous assessment to be made of cross-country price homogeneity/heterogeneity in euro area retail credit markets. Econometric analysis shows that the banking market is still highly segmented and that the degree of...
Persistent link: https://www.econbiz.de/10005111545
Unit roots in output, an exponential 2 per cent rate of convergence and no change in the underlying dynamics of output … (conditional and unconditional) convergence suit first step approximation. We show both theoretically and empirically how the … uniform 2 per cent rate of convergence repeatedly found in the empirical literature is the outcome of an underlying parameter …
Persistent link: https://www.econbiz.de/10005770774
differences and convergence among European countries, which have become important issues since the birth of the European monetary … of the nineties, we find weak signs of convergence within the euro area; again Italy differs and shows a slower and more …
Persistent link: https://www.econbiz.de/10005770785
that, from the 1980's onwards, we can accept the hypothesis of stochastic convergence between France, Germany and Japan, on …
Persistent link: https://www.econbiz.de/10010707010
A switching regression approach with imperfect sample separation information is used to determine convergence clubs …. Regime classification allows one to determine which countries belong to the related convergence clubs. Initial per capita GDP …
Persistent link: https://www.econbiz.de/10010707200
This paper brings together the latest data and OECD productivity indicators in different areas with the aim of reviewing the main productivity trends over the past decade, comparing the United States, Europe and to some extent Japan. Concerning economy wide indicators of productivity, the...
Persistent link: https://www.econbiz.de/10010708744
This paper analyses banking convergence, measured through the ratios of deposits and loans to GDP, across 65 countries …, compares it with per capita income convergence, and tests its effect on real convergence. The focus of the paper is the group … convergence among these countries with that reached by other 17 potential convergence clubs around the world (including the EU-27 …
Persistent link: https://www.econbiz.de/10009144904
matter: divergence or convergence of tastes. Based on a sample of 622 popular films released between 2005 and 2009 in France … media critics) builds an artificial form of convergence which can be useful for the market’s actors. …
Persistent link: https://www.econbiz.de/10011073795