Showing 1 - 6 of 6
This paper surveys the recent literature on convergence across countries and regions. We discuss the main convergence … exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence …
Persistent link: https://www.econbiz.de/10005791312
Recent empirical studies tend to confirm the importance of investment in human and technological capital as determinants of growth. Extensions of the neoclassical model that incorporate these factors explain rather well the long-run growth experience of a large sample of countries, and are...
Persistent link: https://www.econbiz.de/10005791332
This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and …. Technological catch-up is found to be very fast and seems to have played an important role in OECD convergence during the first half … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …
Persistent link: https://www.econbiz.de/10005791633
This paper illustrates how convergence equations can be used to analyse the dynamics of the income distribution, thus … allowing for the main convergence mechanisms identified in the literature. The estimated model and the underlying data are then … used in a convergence accounting exercise, which yields quantitative estimates of the contribution of each of these …
Persistent link: https://www.econbiz.de/10005656166
We investigate the sources of productivity convergence using panel data for the Spanish regions. As a framwork, we …
Persistent link: https://www.econbiz.de/10005667004
This paper investigates the impact of public expenditures and taxation on economic growth using panel data for a sample of OECD countries. The empirical results suggest that fiscal policy influences growth through three main channels. First, the government contributes directly to factor...
Persistent link: https://www.econbiz.de/10005504646