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can diverge from the countries at the global frontier. We measure the degree of divergence for each country and find that …
Persistent link: https://www.econbiz.de/10011083897
How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...
Persistent link: https://www.econbiz.de/10005136759
This paper studies the role of internal migration in income convergence across regions in Japan. Neoclassical theory … predicts that migration should have been an important source of convergence, but regression results suggest otherwise. The … shown that, although this effect did slow down convergence, its magnitude was too small to account for the discrepancy …
Persistent link: https://www.econbiz.de/10005123658
After arguing that the concepts of b-convergence and s-convergence are independently interesting, this paper extends … the empirical evidence on regional growth and convergence across the United States, Japan, and five European nations. We … confirm that the estimated speeds of convergence are surprisingly similar across data sets: regions tend to converge at a …
Persistent link: https://www.econbiz.de/10005114384
. The cross section of countries exhibits s-divergence and conditional b-convergence. The speed of conditional convergence …The concepts of s-convergence, absolute b-convergence and conditional b-convergence are discussed in this paper. The …. Except for the large cross section of countries, all data sets display strong evidence of s-convergence and absolute b-convergence …
Persistent link: https://www.econbiz.de/10005656407
We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005136734
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …
Persistent link: https://www.econbiz.de/10005497902
I discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technology is viewed as technological knowledge. I first review major concepts and discuss the relation of...
Persistent link: https://www.econbiz.de/10005791520
of economic growth. The key features of our analysis of divergence in growth outcomes are an emphasis on the importance …
Persistent link: https://www.econbiz.de/10011084318