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grow fast enough to systematically close the distance dividing them from the advanced economies, creating convergence … globalization processes act as a unifying developmental force. …
Persistent link: https://www.econbiz.de/10011922361
national economies, thus entailing some convergence. The early pandemic has been followed by intentions to digitalize, which … 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/10014520663
This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent's utility depends on both current consumption and a reference consumption level determined by economy-wide average past consumption. Although utility may be lower in the...
Persistent link: https://www.econbiz.de/10010289495
The study is an endeavor to test the validity of convergence hypothesis in Indian sugar Industry. For inferential … catching-up (i.e., efficiency convergence) has been found valid during the pre-reforms period, which disappears during the post …
Persistent link: https://www.econbiz.de/10011536949
This is pioneering research in that it makes a comparison of the process of convergence of long-run profits in the … impact of the crisis on this process. The results obtained by employing the convergence model, known as the Partial …
Persistent link: https://www.econbiz.de/10011538764
affect the process of convergence. Most of the existing studies on convergence have ignored the role of structural change … productivity convergence and its speed at the country, region and industry levels simultaneously. The results show that conditional … convergence exists at country, regional and industry levels. However, speed of convergence is different across different …
Persistent link: https://www.econbiz.de/10011552049
The literature on competing auctions offers a model where sellers compete for buyers by setting reserve prices freely. An important outstanding conjecture (e.g. Peters and Severinov (1997)) is that the sellers post prices close to their marginal costs when the market becomes large. This...
Persistent link: https://www.econbiz.de/10011599429
Die Wachstumsschwäche in einigen europäischen Ländern wie Portugal und Italien in der ersten Hälfte dieses Jahrzehnts sowie anhaltend hohe Inflationsraten und ein Bauboom in Spanien haben zu einer Debatte darüber geführt, ob sich möglicherweise die einzelnen Länder der Eurozone...
Persistent link: https://www.econbiz.de/10011601730
Von Kritikern der Europäischen Währungsunion wird oft behauptet, die realwirtschaftliche Entwicklung in den einzelnen Regionen sei zu unterschiedlich, als dass eine einheitliche Geldpolitik effizient sein könne. Wie berechtigt solche Befürchtungen sind, lässt sich durch einen Vergleich des...
Persistent link: https://www.econbiz.de/10011602090
comparable surveys of developed market economies. Throughout, the regional patterns suggest greater convergence in the transition …
Persistent link: https://www.econbiz.de/10011603705