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conditional convergence theory. Cross-country regression further suggests that the Republic of Korea's catch-up to the United … decades due to the convergence effect and with the rebalancing toward a domestic consumption and services-based economy. The …
Persistent link: https://www.econbiz.de/10011471510
economic growth remain relatively limited. Our baseline projections based on the model of conditional convergence show that the … the convergence phenomenon. By expanding at robust rates, developing Asia will account for close to two thirds of the …
Persistent link: https://www.econbiz.de/10008749709
This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input-output linkages and capital movements across industries and economies, and consumption and investment dynamics. We...
Persistent link: https://www.econbiz.de/10010381539