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This article by Edward N. Wolff of New York University examines trends in convergence in OECD countries toward U … investment, education, and R&D in OECD countries accounting for the catch-up. The process of convergence seems to have ended in … the 1990s, reflecting slower growth in OECD countries, a diminishing of the forces behind the convergence process given …
Persistent link: https://www.econbiz.de/10005518976
Sixty years after its entry in academic circles, development economics has now been mainstreamed in economics. It has proven itself in placing articles in top economic journals, in mobilizing a vast membership of students and researchers, in receiving important financial contributions from...
Persistent link: https://www.econbiz.de/10011187681
Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following pairs of variables: (1) institutions and entrepreneurial activity; (2) institutions and economic growth; and (3) entrepreneurship and economic growth.This paper revisits each of...
Persistent link: https://www.econbiz.de/10013093550
The study considers the relationship between trade liberalization and economic growth among three sub-Saharan African countries: Ghana, Nigeria, and Cote d'Ivoire. We find no statistically significant increase in the economic growth of the countries following trade liberalization. However,...
Persistent link: https://www.econbiz.de/10011985491
Persistent link: https://www.econbiz.de/10005406624
We study the hypothesis of convergence amongst Mexican regions since 1940 with special interest in the post …-trade liberalization period. A standard time-series convergence test shows that per capita income levels between the capital and the rest … of the regions tend to narrow over time. Using the concept of deterministic and stochastic convergence, we describe the …
Persistent link: https://www.econbiz.de/10011107735
We examine the behavior of output disparities of Mexican regions relative to the richest region, the Capital, during the period 1940-2009, and the dynamics of the output gap series of the U.S.-Mexico border region. Our estimations suggest that whilst other Mexican regions have been catching up...
Persistent link: https://www.econbiz.de/10011082562
countries. Economists have used the disequilibrium adjustment property of growth models to justify the view that convergence … parameters of a growth model that has the conditional convergence property and then computing the speed of convergence implied by … a stochastic neoclassical growth model and compute the speed of conditional convergence in the non-stochastic model from …
Persistent link: https://www.econbiz.de/10004990451
We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005136734
study on nonparametric growth regressions. The results show that in the estimation of unconditional β-convergence, the … two modes in the positive region (primarily non-OECD economies) of the parameter estimates. The results for conditional β-convergence …
Persistent link: https://www.econbiz.de/10005260194