Showing 1 - 10 of 48
Proposes an empirical analysis of regional convergence in Canada based on the growth model of Barro et al. In an open … dynamics of human capital accumulation is the driving force of per capita income growth. Empirical results indicate that, as … capita income during the 1951-1996 period. A substantial part of the relative growth of per capita income indicators across …
Persistent link: https://www.econbiz.de/10004976544
New evidence is presented on the degree of aggregate and sectoral labour productivity convergence among 11 EU countries … than sectoral convergence. Aggregate productivity converged at 0.9 percent per annum, with agriculture and manufacturing … percent and 66 percent of the overall rate of aggregate productivity convergence among the EU countries over the period …
Persistent link: https://www.econbiz.de/10004976545
price convergence (FPC) by employing Johansen’s multivariate cointegration tests. We also examine if there is a two …
Persistent link: https://www.econbiz.de/10004976547
production. Estimates the contribution of changes in Ireland’s sectoral employment structure to labour productivity convergence … time as a significant source of labour productivity convergence. Ireland’s labour productivity convergence was 0.3 per cent …
Persistent link: https://www.econbiz.de/10005003275
Uses a specially constructed data set to present new evidence on the convergence performance of Ireland among European … convergence occurred among the EU 12 over the period. Ireland did exhibit catch-up on the EU average. However, Ireland …’s convergence performance becomes distinctly less favourable if adjustments are made for the increase in net factor outflows during …
Persistent link: https://www.econbiz.de/10005003297
The paper tests for long-run monetary policy convergence and short-run policy interactions in seven ERM countries over … evidence for very little monetary policy convergence, even during the more stable 1987-92 period. Tests for short-run monetary … appears to accommodate shocks in other member countries. The tests show also that full monetary policy convergence applied …
Persistent link: https://www.econbiz.de/10005003315
and the money market over time. Inferences on historical convergence are drawn for the EU15, the 11 countries originally … results indicate significant convergence across the EU. …
Persistent link: https://www.econbiz.de/10005009699
Tests for long-run macroeconomic convergence among European Union (EU) countries according to the various exchange rate … production data, output convergence is confirmed or rejected depending on whether or not the first largest principal component … macroeconomic convergence during the 1990s, where evidence is particularly strong for Belgium, France and The Netherlands. The …
Persistent link: https://www.econbiz.de/10005009716
countries within the RTA must be shown to sustain economic growth and convergence; otherwise with the passage of time … members and thereby follow the path of income convergence. Of particular interest is to test whether partial openness (i ….e. formation of RTAs) or openness or political conditions are conducive to economic growth among the member countries of RTAs. The …
Persistent link: https://www.econbiz.de/10010747807
to which convergence has occurred. To investigate the underlying causes of the changes in inequality, the Theil … convergence of employment-population ratios across regions. Research limitations/implications – The paper argues that national … European regions. Originality/value – This paper's main contribution is to highlight how national convergence can lead to …
Persistent link: https://www.econbiz.de/10010684936