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This paper tests a geography and growth model using regional data for Europe, the US, and Japan. We set up a standard … geography and growth model with a poverty trap and derive a log-linearized growth equation that corresponds directly to a …
Persistent link: https://www.econbiz.de/10010295504
regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth … model where technology accumulation in lagging regions depends on their own propensity to innovate and on technology …
Persistent link: https://www.econbiz.de/10011608798
testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the … Neo-Kaleckian model. This paper reviews and empirically tests the validity and the policy conclusions of the two models in … the Euro Area. First, we theoretically assess whether the SSM may con stitute a complex variant of the Neo-Kaleckian model …
Persistent link: https://www.econbiz.de/10011984077
Convergence studies are concerned with the question of whether poor economies catch-up to wealthier economies over time. The regional convergence process in Europe has generated considerable interest in recent years. Because of financial straits regional convergence is a central question, since...
Persistent link: https://www.econbiz.de/10003278801
literature. We use a dualistic model based on Dixit (1970) and on Mas-Colell and Razin (1973) to obtain hypotheses to be tested … in cross-region growth regressions. In particular, we wish to test whether a high initial allocation of labor in … agriculture in fact generates--in each sector as well as at the aggregate level--the specific impact on productivity growth (and …
Persistent link: https://www.econbiz.de/10014073863
This paper tests directly a geography and growth model using regional data for Europe, the US, and Japan during … different time periods. We set up a standard geography and growth model with a poverty trap and derive a log-linearized growth …
Persistent link: https://www.econbiz.de/10014121343
Williamson (1965) argued that catching up countries experiencing strong national growth tend also to see a widening in … regional disparities, whereas in more developed economies strong national growth and falling regional disparities could go hand … in hand. We find some evidence of a trade-off between national growth and regional dispersion in the EU's Cohesion …
Persistent link: https://www.econbiz.de/10010295547
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the...
Persistent link: https://www.econbiz.de/10010295552
market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close-to-reality-model …. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … cultural milieu effect) of the modern diverse city. To this end, we operationalize one model with data on the 'melting pot' of …
Persistent link: https://www.econbiz.de/10010326304
Persistent link: https://www.econbiz.de/10009723015