Showing 1 - 10 of 995
Persistent link: https://www.econbiz.de/10009723979
The central limit theorem says that, provided an estimator fulfills certain weak conditions, then, for reasonable sample sizes, the sampling distribution of the estimator converges to normality. We propose a procedure to find out what a “reasonably large sample size” is. The procedure is...
Persistent link: https://www.econbiz.de/10013040120
the context of the spatial autoregressive model of GDP per capita convergence of European regions at NUTS 2 level. By … contribution to the process of convergence by reinforcing economic growth of neighboring regions. Results are even more pronounced … when the convergence in wage per worker is considered. The choice of kernel functions does not significantly effect …
Persistent link: https://www.econbiz.de/10014211847
There are many empirical studies trying to test if there is income convergence across the provinces of China. In this … interprovincial inequalities have been widening since 1978.In addition, we also examine the determinants of conditional convergence in …
Persistent link: https://www.econbiz.de/10013127318
convergence, and a carefully estimated econometric model of lagged adjustment confirms this. On average, a 1% decrease in the per … transition country by 0.7%. There are differences in the rate of convergence across countries, and these depend on two parameters … fastest convergence rates given these parameters are the Czech Republic, Bulgaria, Croatia and Turkey. The forecast values for …
Persistent link: https://www.econbiz.de/10011324962
The question of the spatial impacts of Information and Communication Technology (ICT) has animated intellectual and policy debate for a long time. At the beginning of the 1990s the advent of the Internet brought a new surge of debate: it was argued that the Internet would free the economy from...
Persistent link: https://www.econbiz.de/10011325119
In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our...
Persistent link: https://www.econbiz.de/10011604786
particular emphasis on the impact of productivity convergence and effects of timing of trade and financial liberalization on the … convergence patterns. We compare the mechanisms behind the three investment margins (horizontal investment to new varieties …
Persistent link: https://www.econbiz.de/10011604837
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …
Persistent link: https://www.econbiz.de/10011604863
-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …, while achieving regional redistribution, seem to impede output growth and promote an “immiserising convergence”: output …
Persistent link: https://www.econbiz.de/10011605075