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This paper studies the Balassa-Samuelson hypothesis in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. Applying panel cointegration and bootstrapping techniques that solve for cross-sectional dependence problems in the data,...
Persistent link: https://www.econbiz.de/10010295271
The article is based on the idea that geographic proximity is an essential factor for international integration policies due to its impact on the intensity of bilateral foreign trade and growth rate. Development is analysed as a process of structural diversification, whereby the country in...
Persistent link: https://www.econbiz.de/10010295353
International analysis of economic growth has confirmed the theoretical assumption that international variations in per capita income can to a large extent be explained by differences in the accumulation of capital and human capital and by differing rates of technological progress. However,...
Persistent link: https://www.econbiz.de/10010296574
In diesem Beitrag formulieren wir zunächst einige Hypothesen über die möglichen Beiträge der Währungspolitik zur gesamtwirtschaftlichen Entwicklung vor dem Hintergrund des berühmten Trilemmas, das prinzipiell für jede Währungsordnung gelöst werden muss. Anschließend lassen wir in einem...
Persistent link: https://www.econbiz.de/10010296875
This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...
Persistent link: https://www.econbiz.de/10010298622
During the past half century many nations have adopted policies whose function is to discourage cartels and other restrictive practices. Industrialized nations led the movement toward pro-competition policies, but more recently, developing nations have begun to join the parade. Initial steps...
Persistent link: https://www.econbiz.de/10010299668