Showing 1 - 10 of 15,082
Persistent link: https://www.econbiz.de/10008674023
convergence rate across the U.S. is about 7 percent per year – higher than the 2 percent normally found with OLS in cross …-country, U.S. state, and European region samples. Estimated convergence rates for 32 individual states are above 2 percent with … an average of 8.1 percent. For 29 states the convergence rate is above 2 percent with 95 percent confidence. For seven …
Persistent link: https://www.econbiz.de/10005118829
This paper deals with the development of regional income disparities and convergence processes in the countries of the … the period 1995 - 2003. We use the two classical concepts of s – and ß-convergence. Furthermore, spatial econometric …
Persistent link: https://www.econbiz.de/10010985000
Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …
Persistent link: https://www.econbiz.de/10011126360
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10011090750
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10011090760
preferential policies. The neoclassical hypothesis of convergence is also tested. Indications of unconditional convergence does … occur during the periods 1985-2000 and 1985-1990. In addition, conditional convergence is found during the sub-period 1990 …
Persistent link: https://www.econbiz.de/10005424027
The study of regional income convergence continues to attract enormous attention. Recent emphasis has been placed on … a comprehensive overview of empirical studies of regional convergence and divergence, summarizing the existing body of …
Persistent link: https://www.econbiz.de/10005118991
to the concepts of ƒã- and ƒÒ-convergence and emphasizes the importance of including spatial effects and a disaggregated … analysis at a sectoral level. We detect a significant -convergence only in aggregate labor productivity and in the services … sectors among peripheral regions. We also show that omitting spatial effects leads to biased measures of -convergence. We then …
Persistent link: https://www.econbiz.de/10005119010
. 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