Showing 1 - 10 of 122
, the model allows for conditional convergence to a long-run level of TFP relative to the frontier.  We also develop an … convergence has taken place over our sample period and that geographic distance to the technology frontier matters. …
Persistent link: https://www.econbiz.de/10011004195
inequality in Italy.  More particularly, convergence in value added per capita across Italy's regions is tested (through both …
Persistent link: https://www.econbiz.de/10011004271
We develop a model of endogenous skill-biased technical change in developing countries.  The model reconciles wildly dispersed existing estimates of the elasticity of substitution between more and less educated workers.  It also produces an estimating equation for the elasticity, which allow...
Persistent link: https://www.econbiz.de/10008510296
Does emigration really drain human capital accumulation in origin countries? This paper explores a unique household survey designed and conducted to answer this specific question for the case of Cape Verde - the sub-Saharan African country with the largest fraction of tertiary-educated...
Persistent link: https://www.econbiz.de/10005047844
In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions.  We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...
Persistent link: https://www.econbiz.de/10011004460
In this paper we investigate how cognitive ability influences behavior, success and theevolution of play towards Nash equilibrium in repeated strategic interactions. We study behaviorin a p-beauty contest experiment and find striking differences according to cognitiveability: more cognitively...
Persistent link: https://www.econbiz.de/10011133082
A convergence model with wealth accumulation subject to i.i.d. random shocks is examined. The transfer function shows … econometric theory of time series. Economic theory forces consideration of a broad range of cases, including some which violate B-convergence …
Persistent link: https://www.econbiz.de/10010604867
It is widely believed that regional labour markets in the USA are highly flexible, so that employment shocks have only transitory effects on joblessness since induced migration quickly offsets much of the initial impact. However time-series analysis of the response to shocks is very sensitive to...
Persistent link: https://www.econbiz.de/10010604964
In this paper we present a general result concerning the convergence to stochastic integrals with non-linear integrands …
Persistent link: https://www.econbiz.de/10010605152
This paper examines the evidence for regional convergence or catch-up in levels and growth rates of per capita income …, Re-Weighted Least Squares, and Least Trimmed Squares - establish that unconditional convergence in growth rates does not … obtain, but that there is clear and robust evidence of conditional convergence. This suggests that important differences …
Persistent link: https://www.econbiz.de/10010605213