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traditional co-integration test is revealed by the current Fourier co-integration test. For this purpose, economic growth … current Fourier cointegration tests were used. according to the traditional cointegration test, the cointegration relationship … was not found, while according to the Fourier cointegration test was found. Later, fmols and CCR estimators were used for …
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A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier - country-level inefficiencies - exhibit long-run relationships and convergence. The method is applied to 1-digit industries of 14 OECD...
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Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has significant implication for energy and climate governance. Building on a Ramsey-Cass-Koopmans growth model incorporating the mechanism of endogenous technological change and its...
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