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This paper contributes to the empirical literature on convergence by applying convergence model to components of …, we extend the traditional convergence model to allow for spatial correlation between countries in the sample, by … Education. More precisely, half-life convergence for Defence occurs in 6.37 years, for Health in 3.11 years and for Education in …
Persistent link: https://www.econbiz.de/10011843010
This paper attempts to give an economic perspective of the impact of the innovation industries. The estimation method used is that of panel data modelling, based on data from regions from European countries, including countries from Central and Eastern Europe, for which exploratory analysis was...
Persistent link: https://www.econbiz.de/10011797068
the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps … are calculated, using linear and quadratic functions, the Gross Domestic Product GDP trends, and, with the convergence …
Persistent link: https://www.econbiz.de/10011841832
. The techniques used are σ and β convergence tests, combined with the deterministic sensitivity analysis. The sample …
Persistent link: https://www.econbiz.de/10014474837
There is a great variation in the development of private health insurance (PHI) between European countries. Using data provided by Insurance Europe, World Bank and Standard and Poor's for 30 European countries, our research investigates the main factors influencing the size of these markets. In...
Persistent link: https://www.econbiz.de/10012821328
The paper investigates government R&D spending during the business cycle. When analyzing this expenditure, it is important to mention two opposing aspects: on the one hand, government spending on R&D can be seen as a stimulus measure for the government to mitigate the effects of the recession on...
Persistent link: https://www.econbiz.de/10014464925
While the traditional approach to the adjustment of international imbalances assumes industrialized countries at a similar level of development and with similar production structures, such imbalances have historically been the result of a process of catching up by late-industrializing developing...
Persistent link: https://www.econbiz.de/10003727278
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10008906540
The hypothesis of the natural resource curse has captivated the economics profession, and since the mid-1990s has generated a large body of policymaking initiatives aimed at dispelling the curse. In this paper, we evaluate how the effect of resource abundance on economic growth has changed since...
Persistent link: https://www.econbiz.de/10008759440
Gross Domestic Product (GDP) is one of the most important indicators that reflects the evolution and resilience of national economies. The importance of this macroeconomic indicator is growing in the current economic context, context in which international studies start to emphasize the...
Persistent link: https://www.econbiz.de/10012939926