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in performance and subsequent growth in industries, regions and economies. The framework has implications for future … research in entrepreneurship, strategy and economic growth. …
Persistent link: https://www.econbiz.de/10010270589
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
It is quite common in convergence analyses across regions that data exhibit strong spatial dependence. While the …-filtering. Using this tool, we then reconsider the evidence on convergence across regional economies in the US. …
Persistent link: https://www.econbiz.de/10011477542
Persistent link: https://www.econbiz.de/10012207581
Regression analyses of cross-country economic growth data are complicated by two main forms of model uncertainty: the … suggested by new growth theory, while addressing the variable selection problem by means of Bayesian model averaging …. Controlling for variable selection uncertainty, we confirm the evidence in favor of new growth theory presented in several earlier …
Persistent link: https://www.econbiz.de/10010325783
Regression analyses of cross-country economic growth data are complicated by two main forms of model uncertainty: the … suggested by new growth theory, while addressing the variable selection problem by means of Bayesian model averaging …. Controlling for variable selection uncertainty, we confirm the evidence in favor of new growth theory presented in several earlier …
Persistent link: https://www.econbiz.de/10011382708
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
. Countries then, acting rationally transition to lower growth rates, resulting in convergence of country growth rates. Given sub … states for sample countries. Convergence is a general equilibrium outcome, not because of accumulation of optimal amounts of … physical capital, but because upon arrival at steady state, attempts at maintenance of preceding growth rates for Per Capita …
Persistent link: https://www.econbiz.de/10012838578
The present work analyzes convergence issues on a sample of international countries. By using nonparametric and … semiparametric techniques, evidence of club convergence is found. Multimodality and persistence is a result emerging from the study …
Persistent link: https://www.econbiz.de/10012723084
The crisis of international markets following recent events such as terrorist attacks, wars in the Middle East, high public debts, growing financial globalisation and integration have raised an interest in the analysis of country risk among industrialised countries as well as emerging nations....
Persistent link: https://www.econbiz.de/10012956558