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Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The … the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3 …
Persistent link: https://www.econbiz.de/10009359488
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371
economic growth perspective. This paper examines one aspect of these ramifications, namely the impact of changes in the extent … partners - is shown to be related to an increase in the rate of convergence between the countries. …
Persistent link: https://www.econbiz.de/10005136577
geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering …This Paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global … egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …
Persistent link: https://www.econbiz.de/10005136721
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
spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global …
Persistent link: https://www.econbiz.de/10005497902
This paper uses a comparative and historical framework to evaluate the growth performance of the West German economy … from the beginning of the post-war period in 1945 to the reunification of Germany in 1990. Cross-country growth equations … that German growth in the 1950s was exceptional. It cannot be fully explained by the growth of factor inputs and the …
Persistent link: https://www.econbiz.de/10005498051
-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since …-differenced GMM in our estimation of an empirical growth model. …
Persistent link: https://www.econbiz.de/10005504299
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 … growth model. In the long run the world growth rate is driven by discoveries in those economies that lead in their use of …
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