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The recent empirical growth literature has noted that few countries’ incomes grow uniformly over periods longer than a decade or so. We consider growth variations over a period up to 66 years, study growth relative to a benchmark country, and collapse the varieties of growth experiences to...
Persistent link: https://www.econbiz.de/10014344409
I use a dynamic Solow growth model, augmented with human capital, labor-hours, and oil prices, to show that Japan’s growth in GDP/adult over 1969-2007 can be explained as a process of convergence to a world steady-state rate of 1%/year. I find that each additional year of average schooling...
Persistent link: https://www.econbiz.de/10014198355
This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...
Persistent link: https://www.econbiz.de/10014024240
The paper presents an analysis of real income convergence between the 11 countries of Central Eastern Europe which have … joined the European Union (EU11) and 15 countries of Western Europe (EU15) in the period 1993-2015. The evolution of the … average GDP per capita level seen in Western Europe. The third scenario, based on a long-term economic forecast for the EU …
Persistent link: https://www.econbiz.de/10011548764
The problem of the relevance of human and natural capital, as well as the potential adverse effect of natural capital on economic growth, has gained increased attention in development economics. The aim of this paper is to assess, theoretically and empirically, the relevance of several forms of...
Persistent link: https://www.econbiz.de/10011613294
Sarah Gust führte diese Studie während ihrer Tätigkeit am ifo Institut durch. Die Studie wurde im September 2024 abgeschlossen und als Dissertation an der Volkswirtschaftlichen Fakultät der LMU München angenommen. Sie besteht aus drei eigenständigen empirischen Essays, die...
Persistent link: https://www.econbiz.de/10015271943
The purpose of this study is to investigate the relation between regional convergence inside of countries in EU and overall economic growth, and, based on it, to establish some relevant behavioural regimes. As data sources we are using the available dataset NUTS 2 from EUROSAT for the period...
Persistent link: https://www.econbiz.de/10011866850
Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation activities in a few countries most countries have to rely on the international diffusion of newly developed technologies. Some countries may fail to successfully perform the...
Persistent link: https://www.econbiz.de/10011374310
This paper provides comparative analysis of the proximate causes of growth of South East European, Central European and Former Soviet Union countries. The first section covers comparative sources of growth analysis for GDP. Apart from this conventional sources-of-growth analysis, both the demand...
Persistent link: https://www.econbiz.de/10010434175
We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross-country panel data for the period 1975-2014. We find that TFP growth contributed significantly to a country’s upward transition from middle-income to high-income country group. The TFP...
Persistent link: https://www.econbiz.de/10011754850