Showing 1 - 10 of 11
Long-run economic growth arouses a great interest since it can shed light on the income-path of an economy and try to explain the large differences in income we observe across countries and over time. The neoclassical model has been followed by several endogenous growth models which, contrarily...
Persistent link: https://www.econbiz.de/10005120740
speed of convergence. Subsequently, in almost all convergence studies, an exogenously growing technology is assumed and this … to R&D activities. We estimate the convergence equation derived from Solovianized Romer model for 31 OECD countries for … convergence hypothesis, but predicts a much lower convergence rate (0.01) than that predicted by the existing empirical growth …
Persistent link: https://www.econbiz.de/10011807211
Defense literature is still in need of a theoretical framework in the neoclassical sense, in regard to empirical research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005), although not without technical problems, represented...
Persistent link: https://www.econbiz.de/10011807212
regional level. The convergence process observed until the late seventies was exhausted onwards in coincidence with important … (in our opinion) richer approach to the traditional convergence analysis, where the evolution of the whole regional … convergence analysis. …
Persistent link: https://www.econbiz.de/10005022373
. We assess the role of these external effects in explaining growth and economic convergence. We present a simple growth …
Persistent link: https://www.econbiz.de/10005022389
. (1992) approach to identify the role played by knowledge externalities in growth and convergence. To assess robustness of …
Persistent link: https://www.econbiz.de/10010611889
The aim of this paper is twofold. First, we study the determinants of economic growth among a wide set of potential variables for the Spanish provinces (NUTS3). Among others, we include various types of private, public and human capital in the group of growth factors. Also, we analyse whether...
Persistent link: https://www.econbiz.de/10005138828
previous estimates. Further, this new evidence is used to analyze the evolution of regional inequality and convergence in the … feature in the regional distribution of output. Therefore, in the long run no evidence of regional convergence in the Spanish …
Persistent link: https://www.econbiz.de/10005176397
regulated and unregulated equilibrium. Our focus is on convergence, stability and welfare. The main motivation and the running …
Persistent link: https://www.econbiz.de/10008925670
of these effects in a growth equation may downward bias the estimated rate of convergence by assingning the effect of … regional externalities to the convergence parameter. We propose the use of spatial econometrics techniques to test and estimate …
Persistent link: https://www.econbiz.de/10005120761