Showing 1 - 10 of 38,061
Purpose – This study undertakes empirical analysis of the factors that have influenced economic growth in China … divergence of the economic growth rates achieved by China's provinces, with the variables relating to the employed population … limitations/implications – With China's huge size and the idiosyncrasies of its constituents, it is difficult to quantify the data …
Persistent link: https://www.econbiz.de/10004964083
This paper aims to conduct a precise test of the political economy hypothesis linking income inequality and economic growth. By choosing covariates from a detailed county-level dataset and assuming that U.S. counties experience perfect capital mobility, I shut off the four possible channels...
Persistent link: https://www.econbiz.de/10009429051
This book is the first of its kind to systematically analyze and apply Lim Chong Yah's S-Curve Hypothesis to the various facets of economic growth and economic transition. By augmenting the mathematical and economical sophistication of the hypothesis, this book extends the S-Curve hypothesis to...
Persistent link: https://www.econbiz.de/10010883055
This paper provides an analysis of absolute economic convergence among the group of ten new member states (NMS-10) that entered European Union in the year 2004. Convergence dynamics is estimated for the period from 1997 to 2012 as well as for two sub-periods: 1997-2007 and 2007-2012. The...
Persistent link: https://www.econbiz.de/10010903263
The staff report for the 2008 Article IV Consultation of the Former Yugoslav Republic of Macedonia discusses economic developments and policies. The new government’s economic program aims to raise growth further, but does not address these vulnerabilities. Plans to increase the central...
Persistent link: https://www.econbiz.de/10011245331
Persistent link: https://www.econbiz.de/10011245868
We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
Persistent link: https://www.econbiz.de/10011255601
This paper presents the issue of economic convergence, reviewing some of the theories used in analyzing this process, theories of economic growth, types of economic convergence: nominal, real and institutional convergence, the effects of the recent crisis on economic convergence. The programme...
Persistent link: https://www.econbiz.de/10011235055
Purpose – The financial crisis starting in 2008 made many European countries opt for a change of exchange rate regime. The choice of price measure as an entry requirement to the European Economic and Monetary Union (EMU) and as input in the monetary policy decision process re-appeared as an...
Persistent link: https://www.econbiz.de/10010610522
This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate of the economy. Using a dynamic panel data model,...
Persistent link: https://www.econbiz.de/10005769087