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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
Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...
Persistent link: https://www.econbiz.de/10014533530
convergence over the period 1926-1991 was driven by both within-sector convergence in productivity and structural change. Our …
Persistent link: https://www.econbiz.de/10014575207
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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A large literature on persistence finds that many modern outcomes strongly reflect characteristics of the same places in the distant past. These studies typically combine unusually high t statistics with severe spatial autocorrelation in residuals, suggesting that some findings may be artefacts...
Persistent link: https://www.econbiz.de/10012285404
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Regressions using data with known locations are increasingly used in empirical economics, and several standard error corrections are available to deal with the fact that their residuals tend to be spatially correlated. Unfortunately, different corrections commonly return significance levels that...
Persistent link: https://www.econbiz.de/10012173281
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