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. There is convergence to natives in the occupational distribution, but not in wages. In the long run, the return for …
Persistent link: https://www.econbiz.de/10005124392
markets in Europe, and some people have argued that it has induced a convergence in industrial structures across countries … time period 1994 to 1998, we do not find strong evidence for ‘convergence’ in manufacturing in Europe. ‘Full’ convergence … some form of conditional convergence is observed. A Gibrat process best describes the growth of very large and mature firms …
Persistent link: https://www.econbiz.de/10005136467
Cross-section or short-panel econometric techniques typically used to examine Gibrat’s Law of Proportionate Effect suggest that some degree of mean reversion exists, but may exaggerate the apparent randomness of corporate growth. We argue that a more natural way to explore the long-run...
Persistent link: https://www.econbiz.de/10005136482
partners - is shown to be related to an increase in the rate of convergence between the countries. …
Persistent link: https://www.econbiz.de/10005136577
Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …
Persistent link: https://www.econbiz.de/10005136618
geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering …
Persistent link: https://www.econbiz.de/10005136721
We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005136734
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
lower income. We analyse the effect of different integration sequences on industrial location and convergence during the …
Persistent link: https://www.econbiz.de/10005497760
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