Showing 1 - 10 of 765
Germany overtook Britain in comparative productivity levels for the whole economy primarily as a result of trends in … services rather than trends in industry. Britain’s productivity lead in services before World War II reflected external … economies of scale in a highly urbanised economy with an international orientation. Low productivity in Germany reflected the …
Persistent link: https://www.econbiz.de/10005788930
In many western democracies, political parties with extreme platforms challenge more moderate incumbents. This paper analyses the impact of economic growth on the support for extreme political platforms. We provide a theoretical argument in favor of growth effects (as opposed to level effects)...
Persistent link: https://www.econbiz.de/10008530375
business cycles model with exogenous productivity shocks, cannot produce this correlation. We propose an explanation based on …
Persistent link: https://www.econbiz.de/10005124049
productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly …
Persistent link: https://www.econbiz.de/10005791604
We investigate the sources of productivity convergence using panel data for the Spanish regions. As a framwork, we … productivity levels, which point to the omission of important variables and to the need for a more disaggregated analysis. Lastly …
Persistent link: https://www.econbiz.de/10005667004
This paper explores the sources of Ireland’s relative growth performance. Using panel data for a sample of OECD countries, we estimate a convergence equation and use it to conduct a growth accounting exercise which provides quantitative estimates of the immediate sources of Ireland’s growth...
Persistent link: https://www.econbiz.de/10005792268
this variable into employment and productivity factors and an estimate of a regional production function. …
Persistent link: https://www.econbiz.de/10005792411
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...
Persistent link: https://www.econbiz.de/10005114384
The concepts of s-convergence, absolute b-convergence and conditional b-convergence are discussed in this paper. The concepts are applied to a variety of data sets that include a large cross section of 110 countries, the sub-sample of OECD countries, the states within the United States, the...
Persistent link: https://www.econbiz.de/10005656407
Recent tests for the convergence hypothesis derive from regressing average growth rates on initial levels: a negative initial level coefficient is interpreted as convergence. These tests turn out to be plagued by Francis Galton's classical fallacy of regression towards the mean. Using a dynamic...
Persistent link: https://www.econbiz.de/10005791236