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country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK …
Persistent link: https://www.econbiz.de/10012657999
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270
convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible …
Persistent link: https://www.econbiz.de/10010328735
We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....
Persistent link: https://www.econbiz.de/10010328844
foreign prices of traded manufacturing goods) and economic growth of a pair of industrialized countries, one of which … interdependencies between the terms of trade and economic growth are offered: the home market effect and the productivity shock effect …
Persistent link: https://www.econbiz.de/10010264264
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10010271970
A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role …-sustaining growth. …
Persistent link: https://www.econbiz.de/10010274948
might be spurious. However, significant evidence of growth convergence is found, a result which is reasonably robust to the … choice of the sample period and country groupings. Non-convergence of log per capita outputs combined with growth convergence …This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs …
Persistent link: https://www.econbiz.de/10010276156
projections can be resolved by accounting for growth convergence in a climate-econometric approach that is consistent with the …-level economic growth, our convergence-consistent projections reveal that under an unmitigated warming scenario, global climate …
Persistent link: https://www.econbiz.de/10014377464
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10010314958