Showing 1 - 10 of 76
The paper develops a political economy model to assess the interplay between political party formation and an environmental policy dimension viewed as secondary to the redistributive dimension. We define being a secondary issue in terms of the intensity of preferences over this issue rather than...
Persistent link: https://www.econbiz.de/10005498009
the relatively slow speed of convergence documented in the growth literature. Calibrating the model, our results are that …
Persistent link: https://www.econbiz.de/10009364327
Extensive growth based on the expansion of inputs is likely to be subject to diminishing returns. Therefore it is often viewed as having no effect on per capita magnitudes in the long run. This Paper argues that periods of extensive growth through capital accumulation may be a precursor to...
Persistent link: https://www.econbiz.de/10005791342
If capital is an essential input, the neoclassical growth model has a steady state with zero capital. From this, one is inclined to conclude that an economy starting without capital can never grow. We challenge this view and claim that, if the production function satisfies the Inada conditions,...
Persistent link: https://www.econbiz.de/10005792095
Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The … the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3 …
Persistent link: https://www.econbiz.de/10009359488
fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership …
Persistent link: https://www.econbiz.de/10005123517
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
An extensive literature on the convergence of productivity between countries examines whether productivity is pulled … use the wide dispersion of productivity across firms to explore convergence to the national frontier. Given this within …
Persistent link: https://www.econbiz.de/10005123710
Price and output level convergence between new member states and the existing EU necessarily implies inflation and … nominal criteria are suspended, the policy instruments required to achieve euro convergence are in the hands of the individual …
Persistent link: https://www.econbiz.de/10005124072
convergence. Focusing on the late nineteenth century, a period both of globalization and convergence, it shows that trade had an … important force for convergence during this period, however. The analysis suggests that more attention should be paid to open … economy forces when discussing convergence. …
Persistent link: https://www.econbiz.de/10005124198