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The lack of convergence of Latin-America compared with CESEE : is low investment to blame?
Bakker, Bas B.; Ghazanchyan, Manuk; Ho, Alex; Nanda, Vibha - 2020
In the last few decades there has been little convergence of income levels in Latin America with those in the United States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the result of low investment. Latin America is poorer...
Persistent link: https://www.econbiz.de/10012252005
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Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine
Pouvelle, Cyril - 2012
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …
Persistent link: https://www.econbiz.de/10014396587
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Productivity growth and structural reform in Bulgaria : restarting the convergence engine
Mitra, Pritha; Pouvelle, Cyril - 2012
Persistent link: https://www.econbiz.de/10009615565
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Dynamic Factor Price Equalization and International Income Convergence
Shiells, Clinton R. - 2008
The paper develops a tractable way to incorporate the micro structure of dual models of international trade into a standard class of dynamic open-economy macro models. In the process, it develops the concept of a dynamic factor price equalization set and an integrated intertemporal equilibrium....
Persistent link: https://www.econbiz.de/10014401986
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Anatomy of Regional Disparities in the Slovak Republic
Jarmuzek, Mariusz - 2009
disparities in the levels of GDP per capita, labor productivity, and labor utilization have widened since 2000, coinciding with … conditional ?-convergence in the growth rates of GDP per capita and labor productivity. Improvements in total factor productivity … the labor utilization ratio and improving the structural and policy determinants of productivity in the eastern regions …
Persistent link: https://www.econbiz.de/10014402478
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Regional Convergence and the Role of Federal Transfers in Canada
Swagel, Phillip - 2003
Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...
Persistent link: https://www.econbiz.de/10014403949
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Structural Funds and the 1992 Program in the European Community
Gordon, James P. F. - 1991
Equity and efficiency justifications are found for the Community’s Structural Funds which are discovered to be carefully targeted at depressed regions, albeit with some horizontal inequities. If Fund transfers displace national assistance, then they may be misallocated by being tied to...
Persistent link: https://www.econbiz.de/10014397871
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Interpreting EU Funds Data for Macroeconomic Analysis in the New Member States
Sierhej, Robert - 2007
Drawing on a dataset suitable for macroeconomic analysis, the paper provides an overview of the magnitudes, purpose and institutional implications of EU-related transfers to and from the new member states. A rough analysis of accounting identities and first-round effects shows that EU funds may...
Persistent link: https://www.econbiz.de/10014400132
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The fiscal multiplier of European Structural Investment Funds : aggregate and sectoral effects with an application to Slovenia
Durand, Luigi; Espinoza, Raphael - 2021
In this paper, we estimate the aggregate and sectoral fiscal multipliers of EU Structural Investment (ESI) Funds and of public investment at the EU level. We complement these results with a specific application to the case of Slovenia. We first analyze aggregate data and find large and...
Persistent link: https://www.econbiz.de/10012613691
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China's productivity convergence and growth potential : a stocktaking and sectoral approach
Zhu, Min; Zhang, Longmei; Peng, Daoju - 2019
that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …
Persistent link: https://www.econbiz.de/10012154921