Showing 1 - 10 of 19,188
Persistent link: https://www.econbiz.de/10008674023
convergence rate across the U.S. is about 7 percent per year – higher than the 2 percent normally found with OLS in cross …-country, U.S. state, and European region samples. Estimated convergence rates for 32 individual states are above 2 percent with … an average of 8.1 percent. For 29 states the convergence rate is above 2 percent with 95 percent confidence. For seven …
Persistent link: https://www.econbiz.de/10005118829
This paper deals with the development of regional income disparities and convergence processes in the countries of the … the period 1995 - 2003. We use the two classical concepts of s – and ß-convergence. Furthermore, spatial econometric …
Persistent link: https://www.econbiz.de/10010985000
This paper deals with the development of disparities in regional per capita GDP and convergence processes in the … inequality in order to show the development of between- and within-country disparities. Secondly, we conduct a formal Ø-convergence … centre of Europe. However, the convergence process has been driven mainly by national factors. In the course of this process …
Persistent link: https://www.econbiz.de/10009211052
Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …
Persistent link: https://www.econbiz.de/10011126360
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
Persistent link: https://www.econbiz.de/10011090750
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
Persistent link: https://www.econbiz.de/10011090760
preferential policies. The neoclassical hypothesis of convergence is also tested. Indications of unconditional convergence does … occur during the periods 1985-2000 and 1985-1990. In addition, conditional convergence is found during the sub-period 1990 …
Persistent link: https://www.econbiz.de/10005424027
convergence speed of per capita income among municipios and test whether spatial externalities are linked to local income growth …. Conditionally on structural characteristics, we find evidence of convergence between municipios and of positive spatial dependence …-ci. Nous estimons la vitesse de convergence du niveau de revenu par habitant des municipalités et testons la présence d …
Persistent link: https://www.econbiz.de/10005416758
convergence speed of per capita income among municipios and test whether spatial externalities are linked to local income growth …. Conditionally on structural characteristics, we find evidence of convergence between municipios and of positive spatial dependence …
Persistent link: https://www.econbiz.de/10005464140