Showing 1 - 10 of 17
a convergence process in governance outcomes across the sample countries throughout the study period, mainly due to the … suggest that the observed convergence will not continue indefinitely. Furthermore, the analysis carried out reveals that the …
Persistent link: https://www.econbiz.de/10010700336
In an economy where the time preference rate is sufficiently decreasing in individual consumption, Chen and Hsu (2007) find that a consumption admiration effect can be a source of local indeterminacy, whereby average consumption flows exert a positive external effect on an individual's utility....
Persistent link: https://www.econbiz.de/10008562858
Using intradistribution dynamics and panel unit root tests, this study considers the economic convergence processes of … 53 African countries during the period 1950–2008. The stochastic evidence reveals no global convergence among African … countries but provides indications of convergence clubs. The poorest countries remained relatively poor, stuck in a poverty trap …
Persistent link: https://www.econbiz.de/10011278538
This paper projects the future of knowledge economy (KE) in SSA and MENA countries using the four components of the World Bank's Knowledge Economy Index (KEI): economic incentive, education, ICTs and innovation. The empirical evidence provides the speeds of integration as well as the time...
Persistent link: https://www.econbiz.de/10011278769
implications in terms of growth and convergence. Using a large set of innovation variables, we estimate a growth model à la Barro … the estimation of a convergence model, which shows that differences in innovation between MENA countries explain … differences in the convergence process of these countries toward EU GDP per capita. These results have important policy …
Persistent link: https://www.econbiz.de/10008692046
the link financial development - convergence/divergence to the advanced countries' growth. As predicted by literature, the … confirmed. We support only partially the role that the financial development could play in the acceleration of the convergence …
Persistent link: https://www.econbiz.de/10010835862
-country regression displays income convergence. However, their assumption that this derives from an augmented Solow model requires …
Persistent link: https://www.econbiz.de/10010836177
-country regression displays income convergence. However, their assumption that this derives from an augmented Solow model requires …
Persistent link: https://www.econbiz.de/10005110905
This article analyzes the hysteresis hypothesis in the unemployment rates of the four “French overseas regions†(Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests, among them Choi (2006) and Lopez (2009) that...
Persistent link: https://www.econbiz.de/10008525342
Regional convergence has become a heated topic in recent decades. Most papers studying this question define regions … regions over the period 1995 to 2006. The results describe a process of income convergence among these regions. …
Persistent link: https://www.econbiz.de/10008525343