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This study develops a five-equation simultaneous system in a partial lag-adjustment growth-equilibrium framework. It improved previous models in the growth-equilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross...
Persistent link: https://www.econbiz.de/10010929280
results also show the existence of conditional convergence with respect to the respective endogenous variable of each equation …
Persistent link: https://www.econbiz.de/10010929307
. The findings also suggest the existence of conditional convergence with respect to endogenous variables of the model. The …
Persistent link: https://www.econbiz.de/10010929351
. The findings also suggest the existence of conditional convergence with respect to endogenous variables of the model. The …
Persistent link: https://www.econbiz.de/10010779254
This study develops a five-equation simultaneous system in a partial lag-adjustment growth-equilibrium framework. It improved previous models in the growth-equilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross...
Persistent link: https://www.econbiz.de/10010779256
results also show the existence of conditional convergence with respect to the respective endogenous variable of each equation …
Persistent link: https://www.econbiz.de/10010779262