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The Limiting Distribution of Production in Integrated Economies: Evidence from US States and EU Countries
Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2005
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/10010325430
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The dynamics of economic integration: Theory and policy
Bretschger, Lucas; Steger, Thomas M. - 2004
Integration a.ects economic growth mainly through two different channels : The scale-effect channel and the factor-reallocation channel. In order to investigate both channels within a unifying framework, we employ a simple descriptive growth model. The scale-effect channel increases either the...
Persistent link: https://www.econbiz.de/10011753097
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Small but beautiful? Economic impacts of the size of nations in the European Union
König, Jörg; Ohr, Renate - 2011
This paper highlights the economic meaning of the size of the state for members of the European Union, thereby making the economic success of EU states statistically tangible. Firstly, we show in descriptive illustrations that the theoretically expected characteristics of small countries clearly...
Persistent link: https://www.econbiz.de/10010311703
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Integration and conditional convergence in the enlarged EU area
Kaitila, Ville - 2004
Using pooled mean-group estimation we first analyse conditional convergence in the EU15 area in 1960-2002. Conditional convergence is well documented for the EU15 countries and deeper European integration is mostly shown to have fastened convergence. Also higher investment, lower public...
Persistent link: https://www.econbiz.de/10010285202
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Is the elephant stepping on its trunk? The problem of India´s unbalanced growth
Douhan, Robin; Nordberg, Anders - 2007
It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggests that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...
Persistent link: https://www.econbiz.de/10010321626
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Is the Elephant Stepping on its Trunk? The Problem of India's Unbalanced Growth
Douhan, Robin; Nordberg, Anders - 2008
It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggest that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...
Persistent link: https://www.econbiz.de/10010320358
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A two-thirds rate of success: Polish transformation and economic development, 1989 - 2008
Kolodko, Grzegorz W. - 2009
abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any … competitiveness or in growth in terms of quantity, but also social and cultural aspects should be taken into account. In Poland, there … theories. Poland's transformation can be seen as a success, but only to the extent of achieving two-thirds of its potential. …
Persistent link: https://www.econbiz.de/10010273403
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Financial markets and economic growth in Poland : simulations with an econometric model
Wdowiński, Piotr - 2005
economic growth in Poland over the period Q2, 1993 – Q2, 2003. …
Persistent link: https://www.econbiz.de/10010277058
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Beyond convergence: Poland and Turkey en route to high income
Raiser, Martin; Wes, Marina; Yilmaz, Ayberk - In: Central Bank Review (CBR) 16 (2016) 1, pp. 7-17
This paper compares and contrasts the policy reform experiences of Poland and Turkey en route to high income. For both … Union. Both Poland and Turkey have shown resilience following the 2008 global crisis, but continued success will require … productivity growth through greater domestic innovation is shaping Poland’s policy agenda. Turkey's structural and demographic …
Persistent link: https://www.econbiz.de/10012217422
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Structural change, technology and economic growth: Brazil and the CIBS in a comparative perspective
Cimoli, Mario; Pereira, Wellington; Porcile, Gabriel; … - 2008
Schumepterian growth theory stresses the role of structural change in long run growth. Countries which increase the share of technology-intensive sectors in their economic structures benefit more from technological learning and innovation. In addition, they are more able to respond to changes in...
Persistent link: https://www.econbiz.de/10010273506