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growth. A summary of what we learn from the econometric results concludes the paper. …
Persistent link: https://www.econbiz.de/10005102703
the 1990s, reflecting slower growth in OECD countries, a diminishing of the forces behind the convergence process given …This article by Edward N. Wolff of New York University examines trends in convergence in OECD countries toward U ….S. productivity levels during the postwar period and finds strong evidence for this phenomenon up to 1990, with rapid growth in …
Persistent link: https://www.econbiz.de/10005518976
analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as … the same framework can be used to analyze how growth interacts with development and cross-country convergence and …In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for …
Persistent link: https://www.econbiz.de/10014023785
analytical tools to design successful; strategies and appropriate institutions to achieve fast convergence and sustainable growth …In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven … micro-founded approach both, questions the old divisions between growth and development economics, and also provides the …
Persistent link: https://www.econbiz.de/10009150919
This study develops a new formal theoretical rubric for ranking of proxies for institutional factors that, conceptually, have taxonomy of either of facilitators of, or constraints on economic development. Illustrative implementations of the formal theoretical rubric reveal that spending on each...
Persistent link: https://www.econbiz.de/10012836235
without a universal definition. This article presents the constitutive elements of economic development, such as growth … the changing economic circumstances of “developed” countries, such as stagnant growth, regional economic disparity within …
Persistent link: https://www.econbiz.de/10012849707
the structure of innovation measures. The economic growth and competitiveness of developing economies are powerfully … growth per capita and competitiveness in selected developing economies. In order to determine the interconnection among the … variables of innovation, competitiveness, and growth, assorted methodological measurement instruments have been applied. The …
Persistent link: https://www.econbiz.de/10011877163
behind the growth and convergence of the financial sector across 13 advanced economies from 2000 to 2015, focusing on the … robust advancements in labor productivity. Next, the primary drivers of labor productivity growth and convergence across many …. First, most nations experienced substantial growth in valueadded, coupled with a significant decrease in employment and …
Persistent link: https://www.econbiz.de/10014339316
of literature on the determinants of growth and development and the analysis of the catching up process between countries … development and convergence rates based on Real GDP (application of methodology testing β and σ convergence to the set of …
Persistent link: https://www.econbiz.de/10010326590
of ICTs and growth of the French economy over the past two decades; a structural perspective on the roots of the new …
Persistent link: https://www.econbiz.de/10005650247