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convergence rate across the U.S. is about 7 percent per year – higher than the 2 percent normally found with OLS in cross …-country, U.S. state, and European region samples. Estimated convergence rates for 32 individual states are above 2 percent with … an average of 8.1 percent. For 29 states the convergence rate is above 2 percent with 95 percent confidence. For seven …
Persistent link: https://www.econbiz.de/10005118829
. It is also shown that divergence or convergence may arise instead of overtaking, depending on the initial levels of …
Persistent link: https://www.econbiz.de/10005556070
This paper examines the effect of inequality on growth among the sub- national states in India. Theoretically, growth of the regional economy is driven by productive public investment in the provision of health and education services financed by a linear output tax, and the optimum tax rate is...
Persistent link: https://www.econbiz.de/10005118699
Persistent link: https://www.econbiz.de/10005062402
In earlier papers on “Socialist privatization” Feige proposed a sequential set of stabilization, privatization and liberalization policies designed to provide the necessary, albeit not sufficient conditions, for a transition from a planned to a market economy. An important component of the...
Persistent link: https://www.econbiz.de/10005118677
This paper analyzes the per-capita incomes convergence process across 140 NUTS2 European regions during the period 1980 … whether the cross-regions income distribution shows evidence of convergence, i.e a tendency for the steady-state distribution …-sectionally correlated panels. Unlike other studies, we find evidence of convergence among the EU regions. When looking at the distribution …
Persistent link: https://www.econbiz.de/10005407685
durant la dernière décennie et à partir de là, déceler une éventuelle possibilité de convergence. …
Persistent link: https://www.econbiz.de/10005407701
China’s rapid overall growth since 1978 masks significant differences in relative economic performance across its provinces. This paper finds that, while per capita income of poor provinces are catching up with those in the rich, the relative income distribution appears to be stratifying into...
Persistent link: https://www.econbiz.de/10005550986
The paper shows that the current view of globalization as an automatic and benign force is flawed: it focuses on only one, positive, face of globalization while entirely neglecting a malignant one. The two key historical episodes that are adduced by the supporters of the “globalization as it...
Persistent link: https://www.econbiz.de/10005118746
Using three alternative models that incorporate the behavior of both credit constrained and unconstrained firms in a theoretically consistent manner, this paper presents evidence on the effects of economic liberalization of 1991 in India. Two robust conclusions emerge from the estimation of the...
Persistent link: https://www.econbiz.de/10005124859