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The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …
Persistent link: https://www.econbiz.de/10005144527
This paper addresses the interplay between economic growth, energy use, change in sectoral composition and technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over the period 1970-1997. A cross-country decomposition...
Persistent link: https://www.econbiz.de/10005144433
How does global aging affect the convergence in global economic development? Both the developing and developed world …
Persistent link: https://www.econbiz.de/10005144475
This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level … for 14 OECD countries, covering the period 1970-1997. A fã-convergence analysis shows that the development of cross …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence …
Persistent link: https://www.econbiz.de/10005795576
general there has been convergence in the last decade. In order to explain these results, the distinction between origin and …
Persistent link: https://www.econbiz.de/10005813019
An important question in the dynamic European wholesale markets for electricity is whether to define the geographical market at the level of an individual member state or more broadly. We show that if we currently take the traditional approach by considering for each member state whether there...
Persistent link: https://www.econbiz.de/10008531429
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10005137127
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
Persistent link: https://www.econbiz.de/10005137179
shareholders is considerably stronger in 'blockholder countries' as compared to the non-blockholder countries and that convergence …
Persistent link: https://www.econbiz.de/10005162829
Following the 1900 congress in Paris, the beginning of the 20th century saw comparative law emerge as a significant discipline. This paper suggests that the early 21st century is seeing the decline, or maybe even the 'end', of comparative law. In contrast to other claims which see the 21st...
Persistent link: https://www.econbiz.de/10005162844