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terms of their convergence in selected macroeconomic fundamentals. The analysis uses monthly data on industrial output … natural economic integration among them so far. Certain levels of convergence occurred only for a limited number of countries …
Persistent link: https://www.econbiz.de/10005124389
This paper studies the role of internal migration in income convergence across regions in Japan. Neoclassical theory … predicts that migration should have been an important source of convergence, but regression results suggest otherwise. The … shown that, although this effect did slow down convergence, its magnitude was too small to account for the discrepancy …
Persistent link: https://www.econbiz.de/10005123658
This paper assesses convergence in output per head across regions in the European Community (EC), for the period 1975 …<196>90. We use three alternative methodologies to measure convergence, which yield consistent results. We observe that there are … strong differences in the pattern of convergence across sub-periods and across subsets of regions. If Southern Europe seemed …
Persistent link: https://www.econbiz.de/10005789075
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
EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central …
Persistent link: https://www.econbiz.de/10005792461
Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...
Persistent link: https://www.econbiz.de/10013388871
and the Cohesion Fund. The main goal of the associated transfers is to facilitate convergence of poor regions (in terms of … target regions would lead to higher aggregate growth in the EU and could generate even faster convergence than the current …
Persistent link: https://www.econbiz.de/10008684675
convergence. Focusing on the late nineteenth century, a period both of globalization and convergence, it shows that trade had an … important force for convergence during this period, however. The analysis suggests that more attention should be paid to open … economy forces when discussing convergence. …
Persistent link: https://www.econbiz.de/10005124198
World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the … leaders, especially in real wages and living standards. Some, like Ireland, achieved convergence without industrialization … globalization was by far the dominant force accounting for convergence (and divergence) around the periphery. Some exploited it well …
Persistent link: https://www.econbiz.de/10005124320
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371