Showing 81 - 90 of 24,998
Persistent link: https://www.econbiz.de/10010884706
We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.
Persistent link: https://www.econbiz.de/10010955648
Using intradistribution dynamics and panel unit root tests, this study considers the economic convergence processes of … 53 African countries during the period 1950–2008. The stochastic evidence reveals no global convergence among African … countries but provides indications of convergence clubs. The poorest countries remained relatively poor, stuck in a poverty trap …
Persistent link: https://www.econbiz.de/10011278538
We construct a dynamic Heckscher-Ohlin model in which the initial distribution of production factors across economies makes factor price equalization impossible. The model produces dynamics similar to those of the neoclassical growth model. However, free trade prevents identically parameterized...
Persistent link: https://www.econbiz.de/10005085506
-known path of divergence and convergence – a pattern in common with many other similar cases. The main characteristic of the … Mezzogiorno’s case, however, is that the convergence phase has led the area to a remarkably unfavourable steady-state. Further, I …
Persistent link: https://www.econbiz.de/10005014869
. We assess the role of these external effects in explaining growth and economic convergence. We present a simple growth …
Persistent link: https://www.econbiz.de/10005022389
This paper looks at the experience of South East Europe which -- for the purposes of this paper -- includes the former states of Yugoslavia except for Slovenia (i.e. Croatia, Serbia-Montenegro, Bosnia-Herzegovina, and Macedonia), Albania, and the two EU candidate countries, Bulgaria and Romania....
Persistent link: https://www.econbiz.de/10009649586
Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The … the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3 …
Persistent link: https://www.econbiz.de/10009359488
This paper investigates the impact of foreign aid and foreign direct investment on the long-run income per capita and short-run income growth of Lao PDR. We formulate a modification of Solow model; then we employ a cointegration technique to carry out the long-run relationship, and employ an...
Persistent link: https://www.econbiz.de/10009364576
? -convergence and the speed of convergence of labour productivity for 52 industries are studied with a panel of data … in service sector, the existence of ? - convergence is found for all industries. In manufacturing sector, convergence is … found for all industries except for electronic and computing equipment industries. In general the speed of convergence …
Persistent link: https://www.econbiz.de/10010556622