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convergence clubs” in cross-national section. It implements a traditional analysis of convergence tracking the catching-up process … average annual GDP PPP per capita growth rates (as exponential growth rate) and initial GDP PPP per capita (as natural … economies. All data concerning GDP PPP per capita are drawn from the IMF World Economic Outlook Database 2011. The time coverage …
Persistent link: https://www.econbiz.de/10014147302
convergence clubs” in cross-national section. It implements a traditional analysis of convergence tracking the catching-up process … average annual GDP PPP per capita growth rates (as exponential growth rate) and initial GDP PPP per capita (as natural … economies. All data concerning GDP PPP per capita are drawn from the IMF World Economic Outlook Database 2011. The time coverage …
Persistent link: https://www.econbiz.de/10014147303
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
level. However, as a result of the Great Recession of 2007 and the subsequent Eurozone Crisis a number of periphery …
Persistent link: https://www.econbiz.de/10012910120
This paper studies convergence in the ratio of total health expenditures to GDP (HEGDP) for a sample of OECD countries … over the period 1960-2006. Stochastic convergence is tested using unit root tests, without and with a structural break …. Moreover, beta-convergence is examined by applying a method that allows for a structural break and is robust to the presence of …
Persistent link: https://www.econbiz.de/10011114133
The study seeks to investigate empirically the direction and shape of causality among trade openness, investment and economic growth using data for Bangladesh during the period 1980-2006. Although in most cases, statistically reliable evidence of cointegration is sufficient to testify the...
Persistent link: https://www.econbiz.de/10009401344
forecasting real GDP growth and inflation over 24 monthly horizons for G7 countries during 1990-2007. Professional forecasters are … found to begin and have relatively more success in predicting inflation than real GDP at significantly longer horizons …; forecasts for real GDP contain little information beyond 6 quarters, but forecasts for inflation have predictive value beyond 24 …
Persistent link: https://www.econbiz.de/10008529265
set. Here, the nature of causality between per capita CO2 emission (PCCO2) and per capita GDP (PCGDP) has been examined …
Persistent link: https://www.econbiz.de/10011111542
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
The aim of this paper is to present a further contribution to the analysis of absolute convergence, associated with the …
Persistent link: https://www.econbiz.de/10009294946