Showing 1 - 10 of 41
Persistent link: https://www.econbiz.de/10005607499
We focus on regional convergence based upon a sample of 19 European countries (1991-2008). After covering theoretical … issues on -convergence and -convergence, we focused on the income distribution details. Our evidence confirms some results … presented elsewhere, such as the convergence process ephemeral nature, the trend towards polarization, the relative region …
Persistent link: https://www.econbiz.de/10008642421
Spatial inequality in global economic development has left Africa with the least progress in improving living standards among developing regions of the world. Moreover, there are strong neighborhood effects within Africa. This paper revisits the explanation of unequal growth across countries in...
Persistent link: https://www.econbiz.de/10009386023
Motivated by the robust empirical evidence on the positive growth and poverty eradication outcomes of public investment in rural infrastructure, this paper investigates variations in utilization by subnational state governments in India of a recent non-concessional lending facility for financing...
Persistent link: https://www.econbiz.de/10004965340
In this study, we investigate empirically the relationship between telephone penetration and economic growth, using data for developing countries. Using 3SLS, we estimate a system of equations that endogenizes economic growth and telecom penetration. We find that the traditional economic factors...
Persistent link: https://www.econbiz.de/10005406784
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of ?-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …
Persistent link: https://www.econbiz.de/10009386021
Development Index trend and convergence across countries is tested for by the conventional cross-country methods of ?- and … ?-convergence. We perform similar analyses on those countries that joined the European Union before its 2004 enlargement and on all … current members of the EU too. Our results indicate convergence for all three groups of countries we consider, that is …
Persistent link: https://www.econbiz.de/10005012218
This paper tests for convergence in relative per capita electric power consumption for 22 African countries, covering … the period 1971-2002. Parametric techniques which are regressions and unit root tests are used. Neoclassical convergence … hypothesis such as the ?-convergence is rejected while evidence in support of ?-convergence is obtained. Stochastic convergence …
Persistent link: https://www.econbiz.de/10005406787
73% of the sample’s cross-country variation. The empirical findings clearly reject absolute convergence in income per … capita but are very strongly supportive of conditional convergence at an estimated average annual rate of 0.8% to 1.2% a year …. It is also shown that the speed of convergence is far from constant over time: it has been mostly increasing during 1960 …
Persistent link: https://www.econbiz.de/10005406794
The institutional reforms Latin American countries have been oriented towards globalization of trade, improving financial and labor markets, developing and comprehending the use of public resources. The paper reviews the approach to trade policy in early reforms period and evolution of thoughts,...
Persistent link: https://www.econbiz.de/10004965287