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components of per capita GDP as regressors. When testing variants of the paradox that apply to groups of countries, we find a … Poland. As the Western and Northern European countries have a high per capita GDP as compared to that of Southern and Eastern … between per capita GDP and life satisfaction over time which is positive for poorer countries, but flat (or negative) for …
Persistent link: https://www.econbiz.de/10011951423
Excessive nighttime light is known to have detrimental effects on health and on the environment (fauna and flora). The paper investigates the link between nighttime light pollution and economic growth, air pollution, and urban density. We propose a county model of consumption which accounts for...
Persistent link: https://www.econbiz.de/10014319142
assess the effectiveness of the convergence criteria by examining location specific advantages that guide multinational …. Specifically, our results suggest that economic convergence ensured by belonging to the common currency area helps double FDI flows …
Persistent link: https://www.econbiz.de/10003760087
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/10002422931
ranges between 20.1 per cent and 36.8 per cent of the EU GDP, depending on the applied methodology. The national values of …
Persistent link: https://www.econbiz.de/10003986368
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
Persistent link: https://www.econbiz.de/10013502264
Large international differences in the price of labor can be sustained by differences between workers, or by natural and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad valorem equivalent of labor mobility barriers to the United...
Persistent link: https://www.econbiz.de/10011454010
The answer is that people's evaluations of their income situation are based on different considerations when the economy is expanding and when it is contracting. When, in the course of economic growth, incomes generally are rising, evaluations tend to be dominated by "social comparison" - what...
Persistent link: https://www.econbiz.de/10012604148
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010423760
We study the response of real wages to the business cycle in eight major Eurozone countries before and during the Great …
Persistent link: https://www.econbiz.de/10011386663