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respect to the issue of income convergence across countries and models of technological diffusion. …
Persistent link: https://www.econbiz.de/10005604251
-2007. Despite convergence is usually found to occur conditionally to economy-wide factors, this study reveals a clear process of … unconditional convergence for nancial and business-related market services. Indeed this sector is more likely to be characterised by …
Persistent link: https://www.econbiz.de/10010940434
We propose a model where the growth rate volatility of a country is explained by structural change and the size of the economy. We test these predictions by means of nonparametric techniques. Growth volatility appears to (i) decrease with total GDP, (ii) increase with the share of the...
Persistent link: https://www.econbiz.de/10005466679
One of the most important drawbacks of the existing literature on convergence is that it largely ignores the effect of … care. Failing to do so might in fact lead to an overestimation of the tendency towards either convergence or divergence … introduced when the period of analysis contains incomplete business cycles could be quite sizeable and then analyze convergence …
Persistent link: https://www.econbiz.de/10009144144
Conditional distributions for the analysis of convergence are usually estimated using a standard kernel smoother but …
Persistent link: https://www.econbiz.de/10008460814
The convergence hypothesis has stimulated a heated debate within the growth literature. The present paper compares the … that the former fails to uncover important features of the dynamics that might characterise the convergence process. Next …
Persistent link: https://www.econbiz.de/10005113391
Persistent link: https://www.econbiz.de/10005118756
regional level. The convergence process observed until the late seventies was exhausted onwards in coincidence with important … (in our opinion) richer approach to the traditional convergence analysis, where the evolution of the whole regional … convergence analysis. …
Persistent link: https://www.econbiz.de/10005022373
This paper illustrates how convergence equations can be used to analyse the dynamics of the income distribution, thus … allowing for the main convergence mechanisms identified in the literature. The estimated model and the underlying data are then … used in a convergence accounting exercise, which yields quantitative estimates of the contribution of each of these …
Persistent link: https://www.econbiz.de/10005656166
We reassess convergence of income across countries and its determinants. The ergodic distribution of output per worker …
Persistent link: https://www.econbiz.de/10010572262