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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
The aim of this paper is to analyze the consequences of spatial dependence on regional growth and the convergence … process. Based on a sample of 92 European regions over the 1980-1995 period, we show that the unconditional ?-convergence …
Persistent link: https://www.econbiz.de/10011020060
us distance, communications infrastructure or population in the spatial weights matrix associated to a ?-convergence …
Persistent link: https://www.econbiz.de/10011020148
This paper aims to determine whether there is any convergence at all between the economic activities of the Colombian … Cundinamarca and Antioquia examples of outstanding performance. This way, it is concluded that there is convergence between the … Colombian municipalities for the period analyzed, reaching an approximate convergence speed of 3.34% per annum. …
Persistent link: https://www.econbiz.de/10011258663
. 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