Showing 1 - 10 of 38,489
theory, practical data compilations issues and the many uses and applications. …
Persistent link: https://www.econbiz.de/10008543032
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical crosscountry growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10010981401
economists to engage with Phillips’ famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the firstunemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips curve … reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation and price-inflation …
Persistent link: https://www.econbiz.de/10010887051
thinking and theory. In particular, which role do calibration, statistical inference, and structural change play? What is the …
Persistent link: https://www.econbiz.de/10010574762
and negative effects. In this respect, the theory supports the findings of the empirical literature, which are …
Persistent link: https://www.econbiz.de/10009645487
economy as some point in the future. This is known as the convergence hypothesis. In this study, we test this hypothesis for … whether or not it holds. We determine how fast or slow this convergence process is by using the returns to scale concept on … hypothesis of convergence i.e. Ghana is catching up with the Western European countries. The study also shown that Ghana growth …
Persistent link: https://www.econbiz.de/10008564519
I estimate a Solow model augmented with human capital in 42 countries for 1910-2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.
Persistent link: https://www.econbiz.de/10010786385
I estimate a Solow model augmented with human capital in 42 countries for 1910–2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.
Persistent link: https://www.econbiz.de/10010664112
This paper examines the relationship between migration and convergence for the enlarged internal market of the European … migration rate in a growth regression and examining its impact on the convergence coefficient; and from the actual coefficient … results in favour of the importance of migration on convergence even when human capital is controlled for, the results of the …
Persistent link: https://www.econbiz.de/10008566387
In this paper we use principal components augmented regressions (PCARs), partly in conjunction with model averaging, to determine the variables relevant for economic growth. The use of PCARs allows to effectively tackle two major problems that the empirical growth literature faces: (i) the...
Persistent link: https://www.econbiz.de/10011105010