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convergence. We apply three approaches to convergence – beta-convergence, sigma-convergence and quantile-convergence (q-convergence … check if countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the …
Persistent link: https://www.econbiz.de/10011801809
Among the many concerns over globalization is that as nations compete for mobile firms, they will relax labour standards as a method of lowering costs and attracting investment. Using spatial estimation on panel data for 148 developing countries over 18 years, we find that the labour standards...
Persistent link: https://www.econbiz.de/10009732552
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estimation of a conditional convergence model. In general, reliance on natural resource exports slows growth, but we find that …
Persistent link: https://www.econbiz.de/10013175560
, their wholesale national gas markets are highly heterogeneous. We study the determinants of cross-country convergence of … pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … the existence of a convergence process. This result carries over to the notion of σ-convergence and is robust to a number …
Persistent link: https://www.econbiz.de/10012395753
and simulate energy intensity based on a conditional convergence approach, and show how based on the results the long …
Persistent link: https://www.econbiz.de/10012542885
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While the traditional approach to the adjustment of international imbalances assumes industrialized countries at a similar level of development and with similar production structures, such imbalances have historically been the result of a process of catching up by late-industrializing developing...
Persistent link: https://www.econbiz.de/10003727278
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10008906540