Showing 1 - 10 of 52
In this paper we outline (i) why ó-convergence may not accompany â- convergence, (ii)cite evidence of â-convergence in … the U.S., (iii) and use USA county-level data containing over 3,000 cross-sectional observations to demonstrate that ó-convergence …
Persistent link: https://www.econbiz.de/10005412590
We use county data with 3,058 observations to study growth and convergence in the US. We assess the effect of 40 … convergence rates around 2 percent, but 3SLS yields 6–8 percent; (2) convergence rates vary across the U.S. E.g., Southern …
Persistent link: https://www.econbiz.de/10005412718
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS … and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates … around 2 percent; 3SLS yields 6–8 percent; (2) convergence rates vary (e.g., the Southern rate is 2.5 times the Northeastern …
Persistent link: https://www.econbiz.de/10005076836
La conceptualización de los Sistemas Regionales de Innovación (Cooke y Morgan, 1993; Autio et al., 2004) puede ser considerada como una extensión y/o adaptación del concepto de los Sistemas Nacionales de Innovación surgidos a partir de los trabajos de Freeman (1987), Nelson (ed., 1993) y...
Persistent link: https://www.econbiz.de/10005412804
This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with knowledge transmission. Fiscal policy affects growth in two respects: First, work time reacts to variations of prospective tax rates and modifies knowledge formation; second, public...
Persistent link: https://www.econbiz.de/10005561213
This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … regions. Using data for 1992-2001, we find strong sigma divergence simultaneously with beta convergence. he results indicate …
Persistent link: https://www.econbiz.de/10005125010
What drives capital inflows in the long run? Do they follow the predictions of neoclassical theory, or are other forces at work? The purpose of this paper is to illustrate how long-term capital movements conform surprisingly well to the predictions of a simple neoclassical model with credit...
Persistent link: https://www.econbiz.de/10005126431
The paper analyzes the convergence dynamics of a log-linearized open- economy neoclassical growth model under the … perfect capital mobility. The model can be calibrated for sufficiently slow conditional convergence. The model's dynamics turn …
Persistent link: https://www.econbiz.de/10005412690
Can factor accumulation still help us understand differences in capital inflows and income across countries? This paper offers a quantitative evaluation of neoclassical models of growth with collateral constraints. Previous work has found evidence that supports the qualitative predictions of...
Persistent link: https://www.econbiz.de/10005561274
There are large differences in gross domestic products by sectors among Latin American countries, and the majority of these differences are due to the value of industrial and service sectors. The structural reforms in countries of Latin America has broadly focused in the five major areas...
Persistent link: https://www.econbiz.de/10005412691