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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
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
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
This paper examines how the services sector could provide decent and gainful employment in developing Asia. Using living wages as a reference point, this paper reports that a significant portion of the workforce in developing Asian economies, the majority of which are employed in the...
Persistent link: https://www.econbiz.de/10012254922
dataset. More than the catching-up effect, we will measure the convergence for three emerging countries: Brazil …/China/India. We will compare the convergence between these countries and the productivity frontier represented by the U.S. over the … higher the level of productivity in an industry, the lower its growth rate, showing a convergence to the productivity …
Persistent link: https://www.econbiz.de/10013076053
This paper examines the different arguments raised by the studies that addressed the East Asian growth experience. The original arguments presented in this paper are all on the negative side, highlighting problems associated with some of the possible explanations for the East Asian miracle. The...
Persistent link: https://www.econbiz.de/10012781863
East and North African countries for the period 1971-2014. Further, we also tested the hypothesis of regional convergence … significant role and growth in the region is due to the capital accumulation. Both beta and sigma measures of convergence suggest … that there is convergence in per worker GDP (labour productivity) and per capita GDP. The study favours adoption of large …
Persistent link: https://www.econbiz.de/10012899196