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The neoclassical theory of economic growth suggests that capital inflows raise the speed of convergence because foreign …
Persistent link: https://www.econbiz.de/10005835347
This paper examines empirically whether and how regional integration leads to convergence and growth amongst developing …
Persistent link: https://www.econbiz.de/10009421178
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
Using a panel dataset covering 139 countries over the 1970–2009 period, we empirically investigate the role of foreign direct investment on growth through diffusion of technology and innovation. Using an otherwise standard growth regression and regressions on productivity growth, we introduce...
Persistent link: https://www.econbiz.de/10010709327
countries and 35 sectors for 1995-2009. We find South-North convergence of energy and labor intensities, an energy bias of … import-driven convergence and no robust difference between imports of intermediate and investment goods. Accordingly, trade …
Persistent link: https://www.econbiz.de/10010985637
-North labor intensities (South-North convergence) for 31 industrialized source and eight emerging recipient countries. We find …
Persistent link: https://www.econbiz.de/10010985713
globalization are decreasing, which suggest global integration and convergence of national economies to a global order. We also find …
Persistent link: https://www.econbiz.de/10011259939
This paper analyzes the convergence process in Latin America and the Caribbean during the 1960-2005 period. The … evidence is not favorable to clear convergence or divergence trends, but to a slight process of convergence until the 1970s …, and then global divergence. In turn, the results suggest the existence of transitory clubs of convergence during the 1960 …
Persistent link: https://www.econbiz.de/10008587472
lower income. We analyse the effect of different integration sequences on industrial location and convergence during the …
Persistent link: https://www.econbiz.de/10011003678
lower income. We analyse the effect of different integration sequences on industrial location and convergence during the …
Persistent link: https://www.econbiz.de/10010756806