Showing 1 - 7 of 7
The aim of this study is to analyze labor productivity convergence in the countries of the OECD over the period 1965-90. A non-parametric frontier approach is used to calculate the Malmquist productivity index. By breaking it down, the contribution to the growth of labor productivity of...
Persistent link: https://www.econbiz.de/10005731175
According to neoclassical models, economies converge to their steady-states. In this paper we confirm that both significant differences among Spanish regions¿ steady-states and fastconvergence to them exist. We analyse their time stability over the period 1964-93 and their possible...
Persistent link: https://www.econbiz.de/10005812842
The aim of this paper is to analyze the convergence of labor productivity in the Spanish regions over the period 1964-9 1. A nonparametric approach is used to compute Malmquist productivity indexes. Through their decomposition, we calculate the contribution of technical progress, changes in...
Persistent link: https://www.econbiz.de/10005051764
Let µ be a rational distribution over a finite alphabet, and ( ) be a n-periodic sequences which first n elements are drawn i.i.d. according to µ. We consider automata of bounded size that input and output at stage t. We prove the existence of a constant C such that, whenever , with...
Persistent link: https://www.econbiz.de/10005731250
This paper presents a model of network formation with costly links. We endogenize the amount of cost born by each player involved in a bilateral link by considering that these shares result from bargaining. We analyze this feature in a context of coordination games. We show that, if the cost of...
Persistent link: https://www.econbiz.de/10005731364
With reference to the Baumol/de Long controversy over the importance of the sample selection when verifying the convergence hypothesis, the paper concludes that the convergence results are conditioned by the joint consideration of the United States and Japan in the same country sample. The...
Persistent link: https://www.econbiz.de/10005515816
This paper presents a model in which players interact via the formation of costly links and the benefits of bilateral interactions are determined by a coordination game. A novel contribution of this paper is that the fraction of the cost borne by each player involved in a bilateral link is not...
Persistent link: https://www.econbiz.de/10005515886