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and convergence of the EU countries from 1969 to 1998. The empirical analysis is based on a panel data model, which … growth, and to calculate their partial contributions to β- and σ-convergence of labour productivities within the EU. The …
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reasons why adaptive learning may or may not lead to stability and convergence to self-fulfilling expectations in large …
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In this paper, we assess the Fujita, Krugman and Venables (FKV) nonlinear model of wage differentials. Using a spatial econometric model incorporating a spatial autoregressive error process, we estimate a quadratic form using cross-sectional data for 98 countries from 1970 to 2000. The evidence...
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We propose a new methodological framework to empirically analyze the dynamics of growth, poverty, and inequalitythat incorporates the fact that the entire distribution of a welfare indicator, say, real percapita consumption, changes over time, and that empirical variables for growth, poverty,...
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placing a transition country on a development path that guarantees convergence to EU employment structures. …
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(EMU), depending on the individual state of convergence of the accession candidates. As a political rather than an economic … decision on EMU enlargement is not beyond imagination, we argue that institutional convergence, in particular central bank … convergence, as it indicates an appropriate policy assignment and thereby fosters real and nominal convergence. The paper starts …
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