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The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …
Persistent link: https://www.econbiz.de/10005076110
hypothesis by performing convergence regressions derived from a model of endogenous technological change. We estimate the rate of …
Persistent link: https://www.econbiz.de/10010886931
Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new business index. Japanese productivity data covering...
Persistent link: https://www.econbiz.de/10005083398
Persistent link: https://www.econbiz.de/10009276152
Substantive - that have emerged in the empirical literature on international per-capita income and productivity convergence. On … basis of various distinctivc lines of reasoning, it is argued that the evidence infavour ofthe convergence hypothesis that …
Persistent link: https://www.econbiz.de/10009277800
The policies for better health, poverty reduction, and less inequality, throughout the world, require thorough understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income). This is deemed difficult, contingent, and only...
Persistent link: https://www.econbiz.de/10005103349
The protection of intellectual property rights (IPR) and the distribution of rent are central issues in R&D-based growth models with the return to innovation serving as the engine of growth. In this paper the authors consider the strength of the intellectual property rights and franchise...
Persistent link: https://www.econbiz.de/10011122552
This paper answers the question which developing countries have gained and which have lost in the international division of labor during the last thirty years. The indicators used are GDP per capita in constant purchasing power parity and relative distance to the United States. Nearly all...
Persistent link: https://www.econbiz.de/10005755167
We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for endogenous commodity prices, we find that economic...
Persistent link: https://www.econbiz.de/10005755277
Translated to a cross-country context, the Solow model (Solow, 1956) predicts that international differences in steady state output per person are due to international differences in technology for a constant capital output ratio. However, most of the cross-country growth literature that refers...
Persistent link: https://www.econbiz.de/10005818789