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Is there convergence of Russia's regions? : exploring the empirical evidence : 1995-2010

Lehmann, Hartmut; Silvagni, Maria Giulia - 2013

This paper analyzes convergence in per capita gross regional product of Russia's regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …

Persistent link: https://www.econbiz.de/10011730869

U.S. And Euro Area Monetary and Fiscal Interactions During the Pandemic : A Structural Analysis

Hodge, Andrew; Jakab, Zoltan; Lindé, Jesper; Nguyen, … - 2022

This paper employs a two-country New Keynesian DSGE model to assess the macroeconomic impact of the changes in monetary policy frameworks and the fiscal support in the U.S. and euro area during the pandemic. Moving from a previous target of “below, but close to 2 percent” to a formal...

Persistent link: https://www.econbiz.de/10014237881

Centripetal Forces in China's Economic Take-Off

Dayal-Gulati, Anuradha; Husain, Aasim - 2021

have increased the rate of convergence in per capita incomes across China's provinces. However, the pattern of FDI, which …

Persistent link: https://www.econbiz.de/10013317895

Regional Growth Spillovers in Sub-Saharan Africa

Arizala, Francisco - 2019

This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those most vulnerable to the economic conditions of others. Estimates show that in the...

Persistent link: https://www.econbiz.de/10012864108

Till labor cost do us part : on the long run convergence of EMU countries

Pancotto, Francesca; Pericoli, Filippo Maria - 2011

A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the survivorship of the monetary union. We analyze the issue focussing on unit labor cost dynamics using cointegration analysis for the whole economy and for the manufacturing sector...

Persistent link: https://www.econbiz.de/10011735051

China's Provincial Growth Dynamics

Aziz, Jahangir; Duenwald, Christoph K. - 2021

China's rapid overall growth since 1978 masks significant differences in relative economic performance across its provinces. This paper finds that, while per capita income of poor provinces are catching up with those in the rich, the relative income distribution appears to be stratifying into a...

Persistent link: https://www.econbiz.de/10013317983

Structural Reforms and Regional Convergence

Spilimbergo, Antonio - 2012

Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial … regional convergence. However, these reforms have mixed effects on the growth of regions closer to the country's development … speeding up regional convergence increases national income. We also present a theoretical model to discuss these results …

Persistent link: https://www.econbiz.de/10013101519

Enhancing China's Medium-Term Growth Prospects : The Path to a High-Income Economy

Nabar, Malhar - 2013

stalled convergence increases. On the other hand, with reforms to accelerate TFP growth and shift the economy away from its … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … such a convergence toward the level of more prosperous economies …

Persistent link: https://www.econbiz.de/10013073779

How Can Korea Boost Potential Output to Ensure Continued Income Convergence?

Jain-Chandra, Sonali - 2014

Korea's rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estimate Korea's potential growth. The main finding is that trend growth has fallen from...

Persistent link: https://www.econbiz.de/10013054690

Income Convergence or Divergence in the Aftermath of the COVID-19 Shock?

Brussevich, Mariya; Liu, Shihui; Papageorgiou, Chris - 2022

The paper extends the work of Deaton (2021) by exploring the period of post-crisis recovery in 2021-2024. The paper documents per-capita income divergence during the period of post-shock recovery, with countries at the bottom of the income distribution falling significantly behind. Findings...

Persistent link: https://www.econbiz.de/10014081239