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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
convergence. We apply three approaches to convergence – beta-convergence, sigma-convergence and quantile-convergence (q-convergence … check if countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the …
Persistent link: https://www.econbiz.de/10011801809
Among the many concerns over globalization is that as nations compete for mobile firms, they will relax labour standards as a method of lowering costs and attracting investment. Using spatial estimation on panel data for 148 developing countries over 18 years, we find that the labour standards...
Persistent link: https://www.econbiz.de/10009732552
is convergence of the cluster patterns over time. A number of different clusters appear and these change over time as the … labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been … divergences from pre-existing integration. Country convergence needs to be understood as a dynamic and multivariate concept. This …
Persistent link: https://www.econbiz.de/10011542637
modified Mankiw-Romer-Weil equation of the Cobb-Douglas function which takes into account the factor of convergence …
Persistent link: https://www.econbiz.de/10012547876
Persistent link: https://www.econbiz.de/10013274276
Persistent link: https://www.econbiz.de/10013274364
estimation of a conditional convergence model. In general, reliance on natural resource exports slows growth, but we find that …
Persistent link: https://www.econbiz.de/10013175560
, their wholesale national gas markets are highly heterogeneous. We study the determinants of cross-country convergence of … pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … the existence of a convergence process. This result carries over to the notion of σ-convergence and is robust to a number …
Persistent link: https://www.econbiz.de/10012395753
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