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We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011671956
Persistent link: https://www.econbiz.de/10011594142
According to New Growth Theory one can not rely on the convergence mechanisms inherent in traditional neoclassical … constant returns to scale models. Convergence as well as divergence is possible, in general, depending on the assumptions about … conditions divergence, convergence or a stable centre-periphery structure emerge. The model allows for different degrees of …
Persistent link: https://www.econbiz.de/10010296232
Empirical evidence about income convergence among regions and countries is inconclusive and it is necessary to clarify … the economic and institutional conditions for convergence. We investigate movements in the income distribution among … development. The convergence towards a narrower unimodal distribution of per capita income is convincing in this homogenous …
Persistent link: https://www.econbiz.de/10011332311
issue of disparities and convergence in levels of living within regions and cities of the Russian Federation (the RF) in the … classification of RF regions and cities and evaluation of disparities and convergence tendencies of levels of living. The analysis of … dynamics of the synthetic indicators of level of living provides evidence for regional convergence of levels of living and a …
Persistent link: https://www.econbiz.de/10011400057
We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011672943
The theory of economic development was an exception to Paul Samuelson's claim of being a "generalist" in economics. It was a hard subject to tackle analytically because of the intrinsic difficulty of some of the concepts involved, such as increasing returns and long-term economic evolution....
Persistent link: https://www.econbiz.de/10012001938
Contraction & Convergence' (C&C) is a model for the future. It is based upon the view, supported by indicators such as … major disparities in natural resource consumption being removed through a process of convergence accompanying that of … resource consumption have increasingly diverged within and among human societies. The counter-model - Contraction & Convergence …
Persistent link: https://www.econbiz.de/10010266908
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common V-Factor accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10010274009
Convergence in other words, with the closing of the gap between rich and poor economies, the large number of possible … are richer and poor countries are poorer than convergence as a whole. All of these possibilities are related to the change … each other. Findings from the study show that OECD countries converge on the convergence of national income to the US …
Persistent link: https://www.econbiz.de/10011788819