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Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants
Clements, Benedict - 2019
This paper studies the evolution of worldwide military spending during 1970-2018. It finds thatmilitary spending in relation to GDP is converging, but into three separate groups of countries. Inthe largest group, responsible for 90 percent of worldwide spending, outlays have remainedstubbornly...
Persistent link: https://www.econbiz.de/10012859871
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Military Spending, the Peace Dividend, and Fiscal Adjustment
Davoodi, Hamid R. - 2006
The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of...
Persistent link: https://www.econbiz.de/10012782608
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Public Debt Through the Ages
Eichengreen, Barry - 2019
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
Persistent link: https://www.econbiz.de/10012892908
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Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry into the Role of Technology in Reducing the Poverty of Nations
Das, Gouranga Gopal - 2007
-run convergence of inequality between nations …
Persistent link: https://www.econbiz.de/10012777769
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The Pacific Speed of Growth : How Fast Can it Be and What Determines it?
Yang, Yongzheng - 2013
This study aims to test within a relatively homogeneous group of small states whatdifferentiates the growth performance of Pacific island countries (PICs) from their peers. Wefind that PICs are disadvantaged by distance and hampered by lower investment and exportscompared with other small island...
Persistent link: https://www.econbiz.de/10013080860
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Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine
Mitra, Pritha - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger …
Persistent link: https://www.econbiz.de/10013102273
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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
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China's Productivity Convergence and Growth Potential-A Stocktaking and Sectoral Approach
Zhu, Min - 2020
transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in … that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural …
Persistent link: https://www.econbiz.de/10012843511
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Is Regional Trade Integration a Growth and Convergence Engine in Africa?
Gammadigbe, Vigninou - 2021
2018, this paper examines the contribution of regional trade integration (RTI) to economic growth and income convergence in …
Persistent link: https://www.econbiz.de/10013243044
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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