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classes. In contrast, during the last 20 years, the economies in transition experienced considerable divergence in the …
Persistent link: https://www.econbiz.de/10010280221
This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10011335567
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10010271967
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10010295589
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
homogeneous negative trend of technical change resulting, altogether, in a divergence of regional agricultural TFP. Because …
Persistent link: https://www.econbiz.de/10010299457
In my view, globalization is a process that has taken place episodically since approximately the beginning of the 16th century. Previously, there were a number of attemps at globalization, which however failed to attain the precondition of regular commercial and communicative relationships among...
Persistent link: https://www.econbiz.de/10011374990
inequality? And finally, we examine the convergence (or divergence) in terms of inequality. Analogous to the concept of (absolute …
Persistent link: https://www.econbiz.de/10011607847
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 growing divergence in U.S. employee relations is described through a review of national and state-level changes to … described. An analysis of changes to state employment policies since 2000 shows an increasing ideologically driven divergence …. Instability and divergence are major features of the U.S. system of employee relations that require additional scrutiny. …
Persistent link: https://www.econbiz.de/10011984279