Showing 1 - 10 of 48
The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries … economic integration and convergence as well as business environment and growth. The study methods applied in in the article …10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration …
Persistent link: https://www.econbiz.de/10012021613
Solow (1956) has made an essential contribution to the Neo-classical growth approach through the economic convergence …. Convergence could occur either among a group of economies with the same steady states or within regions in which their fundamental … dynamics differ, and thus they exhibit multiple steady states. This study aims to investigate convergence with respect to GDP …
Persistent link: https://www.econbiz.de/10011754835
. Overall, there is no regional convergence from year 2000 to 2017, while the evolution of regional income does not follow a …
Persistent link: https://www.econbiz.de/10012238482
The cross-country convergence hypothesis is one of the central topics of long-run macroeconomics. This paper revisits … beta convergence is first documented. Next, the paper incorporates some recent developments from the unsupervised machine … learning literature to evaluate the existence of local convergence. In particular, the application of a distribution …
Persistent link: https://www.econbiz.de/10012029342
Economic integration and globalization are expected to promote economic growth and convergence. This article offers a … convergence literature aims to establish whether catching-up processes have been successful. This article verifies the existence … become fewer and larger. However, growth path divergences persist and suggest a cluster-based convergence. Integration …
Persistent link: https://www.econbiz.de/10014497055
impact of the euro on economic convergence. The DPS method ensures a forensic examination of the diverse variable patterns … that influence cluster memberships. As with previous research conclusions, there are multiple patterns of convergence and … nominal convergence. An example is the divergence of the experience of consumer inflation between 2016 and 2022. Nevertheless …
Persistent link: https://www.econbiz.de/10014463403
State business climate indexes capture state policies that might affect economic growth. State rankings in these indexes vary wildly, raising questions about what the indexes measure and which policies are important for growth. Indexes focused on productivity do not predict economic growth,...
Persistent link: https://www.econbiz.de/10013126214
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities....
Persistent link: https://www.econbiz.de/10013066520
There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...
Persistent link: https://www.econbiz.de/10013010721
We examine impacts of market integration on the development of American manufacturing, as railroads expanded through the latter half of the 19th century. Using new county-by-industry data from the Census of Manufactures, we estimate substantial impacts on manufacturing productivity from relative...
Persistent link: https://www.econbiz.de/10012857672