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A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; de Groot, Henri L.F.; Florax, Raymond J.G.M. - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …

Persistent link: https://www.econbiz.de/10010325489

Transition and Convergence in Central and Eastern Europe

Koèenda, Evžen - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 4, pp. 234-248

The paper provides an analysis of the convergence in selected macroeconomic fundamentals of several Central and East … aspects of economic transformation in the region. Convergence in macroeconomic fundamentals among the transition countries was … convergence. This finding is in line with neoclassical growth theory, which supports the occurrence of convergence among similar …

Persistent link: https://www.econbiz.de/10008549896

The determinants of Italy's regional imbalances over the long run: exploring the contributions of human and social capital

Felice, Emanuele - Department of Economics, Oxford University - 2011

inequality in Italy. More particularly, convergence in value added per capita across Italy's regions is tested (through both …

Persistent link: https://www.econbiz.de/10011004271

Cognitive ability, character skills, and learning to play equilibrium: A level-k analysis

Gill, David; Prowse, Victoria - Department of Economics, Oxford University - 2014

In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...

Persistent link: https://www.econbiz.de/10011004460

Cognitive ability and learning to play equilibrium: A level-k analysis

Gill, David; Prowse, Victoria - Department of Economics, Oxford University - 2013

In this paper we investigate how cognitive ability influences behavior, success and theevolution of play towards Nash equilibrium in repeated strategic interactions. We study behaviorin a p-beauty contest experiment and find striking differences according to cognitiveability: more cognitively...

Persistent link: https://www.econbiz.de/10011133082

Convergence and Stability in US Regional Employment

Glyn, Andrew; Rowthorn, Robert - Department of Economics, Oxford University - 2002

It is widely believed that regional labour markets in the USA are highly flexible, so that employment shocks have only transitory effects on joblessness since induced migration quickly offsets much of the initial impact. However time-series analysis of the response to shocks is very sensitive to...

Persistent link: https://www.econbiz.de/10010604964

GMM Estimation of Empirical Growth Models

Bond, Stephen; Hoeffler, Anke - Department of Economics, Oxford University - 2001

This paper highlights a problem in using the first-differenced GMM panel data estimator to estimate cross-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since lagged levels of the series provide only weak instruments...

Persistent link: https://www.econbiz.de/10010605272

Capital público y eficiencia productiva regional (1964-1989)

Jiménez, Ezequiel Uriel; García, Francisco Pérez; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1994

, based on the factor productivity and efficiency measures, the study discusses the existence of technological convergence …

Persistent link: https://www.econbiz.de/10008599649

Risk-Return Convergence in CEE Stock Markets: Structural Breaks and Market Volatility

Baumohl, Eduard Baumöhl; Lyócsa, Štefan - In: Czech Journal of Economics and Finance (Finance a uver) 64 (2014) 5, pp. 352-373

We analyze the risk-return characteristics of nine European emerging stock market indices over the period from January 2000 to December 2013. We show that (i) the return distances declined and structural breaks in this characteristic are sparse; (ii) distances between standard deviations are more...

Persistent link: https://www.econbiz.de/10011078516

Convergence, Shocks and Poverty

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - 2002

simulation experiments(over a 20-year period) to quantify the importance of convergence, household fixed effectsand shocks. First …, we find powerful convergence. In the absence of shocks and withouthousehold fixed effects there is rapid growth over the …

Persistent link: https://www.econbiz.de/10010324873