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national economies, thus entailing some convergence. The early pandemic has been followed by intentions to digitalize, which … differ widely, entailing some divergence. Intentions are strong in some societies that are forging ahead, but they are weaker … digitalization as a global phenomenon and the pandemic as an external enabler that has promoted catching up and convergence in …
Persistent link: https://www.econbiz.de/10013470618
We present a multi-country theory of economic growth and R&Ddriven technological progress in which countries are connected by a network of knowledge exchange. Technological progress in any country depends on the state of technology in the countries it exchanges knowledge with. The diffusion of...
Persistent link: https://www.econbiz.de/10011665033
We present a multi-country theory of economic growth and R&D-driven technological progress in which countries are connected by a network of knowledge exchange. Technological progress in any country depends on the state of technology in the countries it exchanges knowledge with. The diffusion of...
Persistent link: https://www.econbiz.de/10011688459
Persistent link: https://www.econbiz.de/10011642360
institutions can lead to substantial divergence in income over time. We derive conditions under which a country receives inflows of …
Persistent link: https://www.econbiz.de/10012696550
This work provides a macroeconomic approach and a sound conceptual foundation for the notion of competitiveness gains, so prone to multiple interpretations, and to make it fit for empirical analyses. Instead of competitiveness is competitiveness gains the relevant concept, defined as a situation...
Persistent link: https://www.econbiz.de/10014054928
exhibit conditional convergence as in the Solow-Ramsey model. The dispersion of the world income distribution is determined by …
Persistent link: https://www.econbiz.de/10014139207
. Club convergence in growth rates can be traced back to a country's openness and to a minimum required level of human …
Persistent link: https://www.econbiz.de/10012754962
The paper shows how the original semi endogenous and balanced growth model of , and my extended version of it (), could be useful in explaining the key "stylized facts" of global long-term growth so far, and in predicting its dynamics in the future. During the last two centuries the sector of...
Persistent link: https://www.econbiz.de/10012303145
One of the most outstanding accomplishments of the economic science over the last decades is the development of a sound and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic increases in well-being are attainable whenever the right...
Persistent link: https://www.econbiz.de/10014495894