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We examine whether a single housing market exists across 16 cities covering two countries, Australia and New Zealand … single housing market across these cities, then the economic forces that lead to such convergence must be other than … commuting arbitrage forces that have been posited as driving convergence in densely populated countries such as the United …
Persistent link: https://www.econbiz.de/10011883121
We study convergence and club formation of housing prices in European countries using several measures of housing …
Persistent link: https://www.econbiz.de/10014516256
convergence and clustering procedure of Phillips and Sul (2007). Using quarterly data covering the period of 1974Q1 to 2012Q4 … provinces do not form a homogeneous convergence club. In particular, the aggregate housing market supports the presence of three … convergence clubs with the tendency of provinces to converge or diverge varying across subsequent segments. Unlike the middle …
Persistent link: https://www.econbiz.de/10010764582
experiences. In this paper we present results that test, and generally reject, convergence in labour productivity across Australia …New Zealand shares a wealth of common interests and experiences with Australia. This has tempted some to assume that … definition of Conditional Convergence (Agriculture, Forestry and Fishing and Cultural and Recreational Services), and that the …
Persistent link: https://www.econbiz.de/10005482783
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We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer to the technological frontier under the reasonable...
Persistent link: https://www.econbiz.de/10010292939
using a random spatial effect model. We find that migration contributes to convergence in regional skill endowments across …
Persistent link: https://www.econbiz.de/10010293190