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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
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
to study the changes in the within country distribution of management quality associated with country convergence to the … those of its close competitors. Part of the process of convergence to the frontier across the development process represents … that lag the frontier benchmark. Among potential explanatory variables that may drive convergence, ownership and human …
Persistent link: https://www.econbiz.de/10010790511
Developing and emerging economies have high entrepreneurship rates and relatively many small firms. There is enormous heterogeneity among these firms and entrepreneurs. This paper presents a simple occupational choice model that captures motives for entrepreneurship at both edges of the size...
Persistent link: https://www.econbiz.de/10010884341
We investigate the long term determinants of political and economic outcomes over a new data set composed of Mississippi counties. We analyze the effect of disfranchisement on voting registration at the end of the nineteenth century (1896-9), as well as the impact of voting registration on...
Persistent link: https://www.econbiz.de/10009321839
We investigate the long term determinants of political and economic outcomes over a new data set composed of Mississippi counties. We analyze the effect of disfranchisement on voting registration at the end of the nineteenth century (1896-9), as well as the impact of voting registration on...
Persistent link: https://www.econbiz.de/10009325443
this period, despite evidence of convergence, the racial gap in attainment between blacks and whites has been persistently …
Persistent link: https://www.econbiz.de/10009395439
this period, despite evidence of convergence, the racial gap in attainment between blacks and whites has been persistently …
Persistent link: https://www.econbiz.de/10009399722
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality. In other words, those counties that displayed a higher...
Persistent link: https://www.econbiz.de/10008742948