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indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …
Persistent link: https://www.econbiz.de/10011410273
oil and gas, and the progressive catch up of Asian countries, leading to a convergence in terms of both GDP and CO2 …
Persistent link: https://www.econbiz.de/10011410333
growth phases. Results show that expansionary regimes are associated with convergence and positive correlation between growth …Growth dynamics are remarkably heterogeneous, in particular when one focuses on developing countries. Economic miracles … and failures are embedded within extended phases of either growth or decline. We propose a methodology and a taxonomy that …
Persistent link: https://www.econbiz.de/10011412222
importance of efficiency changes for economic growth. Using a sample of 26 OECD countries from 1965-90, we find convergence and …The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We …
Persistent link: https://www.econbiz.de/10010466016
Persistent link: https://www.econbiz.de/10010394950
This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270
Persistent link: https://www.econbiz.de/10013167441
Persistent link: https://www.econbiz.de/10012517060
Persistent link: https://www.econbiz.de/10012623366
country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK …
Persistent link: https://www.econbiz.de/10012619417