Showing 1 - 10 of 48
fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership …
Persistent link: https://www.econbiz.de/10005123517
-country differences in inequality permanent, or gradually narrowing? Equivalently, is there convergence not just in the first moment of … individual income (GDP per capita), but convergence in distribution? …
Persistent link: https://www.econbiz.de/10005123982
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371
partners - is shown to be related to an increase in the rate of convergence between the countries. …
Persistent link: https://www.econbiz.de/10005136577
average. For the majority of our sample countries we obtain evidence of real interest rate convergence towards the latter …. Convergence, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our …
Persistent link: https://www.econbiz.de/10005002713
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …
Persistent link: https://www.econbiz.de/10005067658
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …
Persistent link: https://www.econbiz.de/10005497902
West Germany being admitted to the `convergence club'. The role of the Currency Reform, associated price liberalization and … convergence to US levels of productivity stopped. By contrast, Germany was able to maintain its share of world export markets …
Persistent link: https://www.econbiz.de/10005498051
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical … costs to increase reduces followers' growth rates and thereby generates a pattern of conditional convergence. We discuss how …
Persistent link: https://www.econbiz.de/10005504608
I argue in this paper that the `speed of convergence' estimated in recent works on `convergence' does not capture … `actual' convergence towards a steady state, but rather conditional dynamics towards a moving target. Although this … conditional convergence can be taken to imply that there are decreasing returns to such storable assets as physical and human …
Persistent link: https://www.econbiz.de/10005504752