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Modeling the cross-country distribution of per capita using mixture analysis provides a natural platform for the recovery or detection of clubs of countries. Unfortunately, these mixture methods, when based on a strictly univariate approach are limiting towards one's ability to learn about the...
Persistent link: https://www.econbiz.de/10009401152
Modeling the cross-country distribution of per capita income using mixture analysis provides a natural platform for the detection of clubs of countries. Unfortunately, these mixture methods, when based on a strictly univariate approach are limiting towards one’s ability to learn about the...
Persistent link: https://www.econbiz.de/10010617296
In this paper we employ traditional beta, sigma, gamma-convergence tools to assess growth behaviour of groups of … countries in connection with mixture densities. In the presence of mixtures, the standard methods to assess convergence are …. Our results show that, taken as global measures, convergence is an uncommon feature, whereas focusing on the individual …
Persistent link: https://www.econbiz.de/10008866040
This paper provides a selective overview of nonlinear exchange rate models recently proposed in the literature and assesses their contribution to understanding exchange rate behavior. Two key questions are examined. The first question is whether nonlinear autoregressive models of real exchange...
Persistent link: https://www.econbiz.de/10005825647
We formulate a general representation of points z 2 <n
Persistent link: https://www.econbiz.de/10011090637
Persistent link: https://www.econbiz.de/10011090927
This article explores the spatial distribution of regional technology indicators in the EU over the last decade and its impact on cohesion. Thus, we find that public R&D spending and patent applications have converged among regions during the nineties. On the other hand, private R&D activities...
Persistent link: https://www.econbiz.de/10010992117
Macroeconomic forecasting started around the Second World War as a way to test economic theories, but it also has a number of very concrete uses, playing an increasing role as an input in decision-making. The first macroeconomic models were produced by two famous economists, Tinbergen in 1939...
Persistent link: https://www.econbiz.de/10009321269
becoming more or less concentrated. The existing literature has found deconcentration (convergence) of employment across urban …
Persistent link: https://www.econbiz.de/10005090665
There are evidences that the actual global crisis affected the convergence process in EU. Generally, just new adhered … opinions regarding how deep and how long the convergence process will be affected. Synthetically, the pessimistic authors are … considering the convergence in the level of income per capita as a result of structural changes in economy. In a first part of the …
Persistent link: https://www.econbiz.de/10010791359