Showing 1 - 10 of 39
This paper reviews the empirical literature on growth and convergence that has addressed the importance of spatial …
Persistent link: https://www.econbiz.de/10011342567
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/10011342545
Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...
Persistent link: https://www.econbiz.de/10011960429
There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...
Persistent link: https://www.econbiz.de/10011334326
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
Persistent link: https://www.econbiz.de/10011334858
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/10011326975
The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography -...
Persistent link: https://www.econbiz.de/10003347559
Regional economic activities require materials that can be extracteddomestically or imported from other regions. Analysis of optimalpatterns ofcombined economic development and materials use should be discussedinrelation to trade and the environment. A model is presented thatoptimiseslong-term...
Persistent link: https://www.econbiz.de/10011303326
In den sechziger Jahren lag das reale Wachstum in Europa noch über dem der USA. Danach sanken in beiden Teilen der Welt tendenziell die Wachstumsraten. Anfang der Achtziger Jahre folgte allerdings in den USA eine Phase hohen Wirtschaftswachstums, so dass die Wachstumsraten und die...
Persistent link: https://www.econbiz.de/10011691682
In der Schweiz setzte sich die seit Mitte 1999 zu beobachtende zügige konjunkturelle Erholung auch im Jahr 2000 fort. Das reale Bruttoinlandsprodukt dürfte etwa um 3,5% zugenommen haben, die Arbeitslosenquote sank auf knapp 2% und der Preisanstieg blieb mit einem Jahresdurchschnitt von 1,75%...
Persistent link: https://www.econbiz.de/10011691684