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Convergence in other words, with the closing of the gap between rich and poor economies, the large number of possible … rich, the poor countries are left behind. On the other hand, countries may experience a divergence in which rich countries … are richer and poor countries are poorer than convergence as a whole. All of these possibilities are related to the change …
Persistent link: https://www.econbiz.de/10011788819
this study is: "What are the reasons for the divergence of the lockup agreements?" The two main hypotheses that this …
Persistent link: https://www.econbiz.de/10009474999
between poor and developed countries and also more a divergence process than an economic convergence one. In this context we …Abstract Achieving nominal and real convergence represents the main objective of Romania on its way to the accession to … proceed with an analysis of real convergence and nominal convergence relevant indicators. …
Persistent link: https://www.econbiz.de/10011788812
This paper considers alternative approaches to the analysis of large panel data models in the presence of error cross section dependence. A popular method for modelling such dependence uses a factor error structure. Such models raise new problems for estimation and inference. This paper compares...
Persistent link: https://www.econbiz.de/10009442009
This paper discusses a large-scale factor model for the German economy. Following the recent literature, a data set of 121 time series is used via principal component analysis to determine the factors, which enter a dynamic model for German GDP. The model is compared with alternative univariate...
Persistent link: https://www.econbiz.de/10009442339
companies in Thailand. The convergence-of-interest hypothesis asserts that firm value increases as management ownership rises …
Persistent link: https://www.econbiz.de/10009435008
Structural system identification methods are analytical techniques for reconciling test data with analytical models. The response data frequently used to compare a finite element model and test data are the eigenvalues of the system. However, eigenvalues alone cannot assure an adequate model....
Persistent link: https://www.econbiz.de/10009435739
Several studies have shown evidence of price convergence between countries in the European Union (EU) since the … the coefficient of variation. The results show little evidence of price convergence for non-residential construction for … either country group. This is shown to be in contrast with convergence that is evident in the prices of other product groups …
Persistent link: https://www.econbiz.de/10009441585
This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also … support output convergence and suggest that the findings of convergence clubs in the literature might be spurious. However …
Persistent link: https://www.econbiz.de/10009441996