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approximately 71-80% of all countries face sigma-convergence. Finally, we study different major determinants of the level of ….e., the determinants of the convergence process. We find evidence for an N-shaped relationship between development and …
Persistent link: https://www.econbiz.de/10010515477
This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …
Persistent link: https://www.econbiz.de/10002520210
The objective of this paper is to address the question of convergence across German districts in the first decade after … particular, we follow a distributional approach to convergence based on kernel density estimation and implement a number of tests …
Persistent link: https://www.econbiz.de/10003120688
This paper investigates output convergence for the G7 countries using multivariate time series techniques. We consider … both the null hypotheses of no convergence and convergence. It is shown that inferences on output convergence depend on … which one of the two null hypotheses is considered. Further, the no convergence results reported in previous studies using …
Persistent link: https://www.econbiz.de/10009781596
We construct the world's centers of gravity for human population, GDP and CO2 emissions by taking the best out of five recognized data sources covering the last two centuries. On the basis of a novel distorsion-free representation of these centers of gravity, we find a radical Western shift of...
Persistent link: https://www.econbiz.de/10011987041
In this paper we propose a new modelling framework for the analysis of macro series that includes both stochastic trends and stochastic cycles in addition to deterministic terms such as linear and non-linear trends. We examine four US macro series, namely annual and quarterly real GDP and GDP...
Persistent link: https://www.econbiz.de/10011750067
This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...
Persistent link: https://www.econbiz.de/10011750132
This paper analyses the effect of international borders and of trade agreements at international borders on subnational (i.e. regional) growth. We construct an extensive panel dataset covering 1,350 regions in 86 countries worldwide between 1950 and 2017. Our results show that international...
Persistent link: https://www.econbiz.de/10012533891
Financial inclusion is a key factor for economic growth in most developing countries. This paper examines the relationship between financial inclusion and Gross Domestic Product (GDP) per capita in the Least Developed Countries (LDCs) using panel data for the period 1990-2021. The empirical...
Persistent link: https://www.econbiz.de/10014514949
convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …
Persistent link: https://www.econbiz.de/10011399314