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Persistent link: https://www.econbiz.de/10011995427
convergence across LAC countries. Argentina defines the frontier in LAC and TFP convergence is found across all South American …
Persistent link: https://www.econbiz.de/10011339428
Due to problems with existing methodologies that aim to identify the causal impact of European Union cohesion policy on economic growth, we adopted a novel methodology. We first estimated 'unexplained economic growth' by controlling for the influence of various region-specific factors, and then...
Persistent link: https://www.econbiz.de/10012433816
By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
Persistent link: https://www.econbiz.de/10009757366
The existing literature on Indian growth finds no evidence of convergence across states. This represents a puzzle given … income and socio-economic data to explore the hypotheses of conditional convergence, using distance as an indicator of … internal geographical trade and migration costs. We find evidence of conditional convergence for Indian districts but at a rate …
Persistent link: https://www.econbiz.de/10010208649
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 tourism countries within a sample of 143 countries, observed during the period 1980-95....
Persistent link: https://www.econbiz.de/10011592920
The effects of capital requirements on risk-taking and welfare are studied in a stochastic overlapping generations model of endogenous growth with banking, limited liability, and government guarantees. Capital producers face a choice between a safe technology and a risky (but socially...
Persistent link: https://www.econbiz.de/10011661894
Environmental policy affects the distribution of market shares if intermediate goods are differentiated in pollution intensity. When innovations are environmental friendly, a tax on emissions skews demand towards new goods, which are the most productive. In this case along a balanced growth path...
Persistent link: https://www.econbiz.de/10011596394
Do intermediate goods help explain relative and aggregate productivity differences across countries? Three observations suggest they do: (i) intermediates are relatively expensive in poor countries; (ii) goods industries demand intermediates more intensively than service industries; (iii) goods...
Persistent link: https://www.econbiz.de/10009379741
We derive a theory-based gravity-type equation that determines the main drivers of international technology diffusion …
Persistent link: https://www.econbiz.de/10012138840