Showing 1 - 10 of 4,172
We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). “Endogenous technological change”. Journal of Political Economy 98, 71–102]. In the first part, we present different versions of the benchmark linear model with imperfect...
Persistent link: https://www.econbiz.de/10014023784
Purpose: The purpose of the paper is to investigate the ß-convergence process between European Union member states in … countries experienced convergence because of capital accumulation, technological catching-up or via both mechanisms. Design …/methodology/approach: The framework used to test the relative strength of neoclassical and technological catching-up as convergence driving …
Persistent link: https://www.econbiz.de/10011709408
mechanism of per capita income convergence among countries. This paper analyzes the per capita income convergence implications … to the effect of FDI on growth is ambiguous. By applying the approach of Ben-David (1996), which focuses on convergence … among countries grouped with respect to their mutual trade, this paper presents evidence that per capita income convergence …
Persistent link: https://www.econbiz.de/10010251655
This research explores the effects of distance to the pre-industrial technological frontiers on comparative economic development in the course of human history. It establishes theoretically and empirically that distance to the frontier had a persistent non-monotonic effect on a country's...
Persistent link: https://www.econbiz.de/10012940315
We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for … rates of capital accumulation and TFP growth reflect convergence along two margins. One margin (between industries) is a … with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long time. On …
Persistent link: https://www.econbiz.de/10014067497
Persistent link: https://www.econbiz.de/10014245538
This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady-state properties and the transitory dynamics of integrated economies. Income...
Persistent link: https://www.econbiz.de/10010294524
The authors revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its …) high rates of capital accumulation and TFP growth reflect convergence along two margins. One margin (between industries) is …-industry one. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a …
Persistent link: https://www.econbiz.de/10010263335
We analyze the medium- and long-run effects of international integration of capital markets on specialization patterns of countries. For that purpose, we incorporate induced technical change into a Heckscher-Ohlin model with a continuum of final goods. This provides a comprehensive theory that...
Persistent link: https://www.econbiz.de/10010286419
We analyze the medium- and long-run effects of international integration of capital markets on specialization patterns of countries. For that purpose, we incorporate induced technical change into a Heckscher-Ohlin model with a continuum of final goods. This provides a comprehensive theory that...
Persistent link: https://www.econbiz.de/10008990530