Showing 1 - 10 of 60
global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and …This paper develops a model of economic growth and activity locating endogenously on a 3- dimensional featureless … converges towards egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …
Persistent link: https://www.econbiz.de/10010884745
uctuate over time. Such a process could have many possible limiting outcomes: complete equal- ity (convergence), stratication …
Persistent link: https://www.econbiz.de/10010884518
Convergence concerns the poor catching up with the rich|if not instan- taneously, then at least having a tendency to do … so. When poor and rich here refer to entire economies, then whether convergence occurs is traditionally viewed as just a … side consequence of a more central ques- tion, namely that concerning the nature of economic growth. This paper argues …
Persistent link: https://www.econbiz.de/10010928784
This paper studies growth and inequality in China and India – two economies that account for a third of the world …’s population. By modelling growth and inequality as components in a joint stochastic process, the paper calibrates the impact each … macroeconomic: growing average incomes dominate all else. The relation between aggregate economic growth and within …
Persistent link: https://www.econbiz.de/10010746699
This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a … perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an \emerging twin … peaks" in the cross-sectional distribution, not simple patterns of convergence or divergence. The theo- retical problems …
Persistent link: https://www.econbiz.de/10010928725
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has … guided that empirical analysis. The paper argues that recent studies of economic growth—both empirical and theoretical …—distinguish from previous work in three distinct ways:1. An explicit focus on cross-country growth and development experiences; 2 …
Persistent link: https://www.econbiz.de/10011071327
Convergence concerns poor economies catching up with rich ones. At is- sue is what happens to the cross sectional …
Persistent link: https://www.econbiz.de/10010745108
We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient … labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate productivity growth … data on 15 OECD countries, we estimate this and show that it has a significant effect on growth. The results are robust to …
Persistent link: https://www.econbiz.de/10010746412
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
European regions have experienced a polarisation of their unemployment rates between 1986 and 1996, as regions with intermediate rates have been driven by changes in regional employment, only partly offset by labour force changes. Regions'' outcomes have closely followed those of neighbouring...
Persistent link: https://www.econbiz.de/10010884644