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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/10010325489
Just before the last G20 meeting in London and following the quantitative easing measures taken by FED it has broken into the news that, during an internal discussion, IMF raised a really provocative issue: should the non-Euro EU members join the Euro very rapidly?! Considering the developing...
Persistent link: https://www.econbiz.de/10008625764
The aim of this paper is to provide an overview on the income distribution across the eight regions of development in Romania. Being far from a thorough research, the paper aims to be a first step in analysing the drivers of inequality and provide policy guidance for future directions of action....
Persistent link: https://www.econbiz.de/10008625768
The present paper attempts to investigate the extent and determinants of inter-state disparities in socio-economic infrastructure in India during the pre and post-reform period, based on 22 indicators of infrastructural development, across 15 major states of India. The state level composite...
Persistent link: https://www.econbiz.de/10008625770
The access to Social and Cohesion Funds offers Romania a possibility to develop the regions which are lagging behind, to modernize transport and environment infrastructure, to support rural development, to create new employment opportunities, to sustain social policies which will lead to the...
Persistent link: https://www.econbiz.de/10008625772
In the current financial crisis access and absorption of structural funds is the biggest challenge for government, for business, farmers and nongovernmental organization sector. European integration itself depends on the optimization and substantial absorption for Romania during 2007-2013. This...
Persistent link: https://www.econbiz.de/10008853263
One of the main goals of the European Union is the economic progress. In the last 50 years, and especially beginning with the ‘80s, remarkable efforts have been made for removing the borders between the EU national economies and for creating a unique market where goods, persons, capital and...
Persistent link: https://www.econbiz.de/10010885151
, based on the factor productivity and efficiency measures, the study discusses the existence of technological convergence …
Persistent link: https://www.econbiz.de/10008599649
simulation experiments(over a 20-year period) to quantify the importance of convergence, household fixed effectsand shocks. First …, we find powerful convergence. In the absence of shocks and withouthousehold fixed effects there is rapid growth over the …
Persistent link: https://www.econbiz.de/10010324873
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/10010325188