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Persistent link: https://www.econbiz.de/10012792433
We investigate the relevance of beta (β, absolute and conditional) and sigma (σ) convergence in the economies of the … understanding of growth and inequality in the region. The region has experienced β- and σ-convergence; however, growth rates of per …
Persistent link: https://www.econbiz.de/10012404488
obtained. It is demonstrated that convergence is pronounced between regions that are far away from each other while there is no … convergence between neighbor regions. Third, it is shown how the conditional o-convergence approach can be extended to other …
Persistent link: https://www.econbiz.de/10011570758
-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living … divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting …
Persistent link: https://www.econbiz.de/10011815287
This report revisits the growth and convergence performance of the 11 EU member states in Central, East and Southeast … growth. The findings show that convergence has significantly slowed since the global financial crisis, with value added …
Persistent link: https://www.econbiz.de/10015055250
. Theoretical investigations usually focus on the asymptotic speed of convergence only. This procedure is, however, unnecessarily … the instantaneous rate of convergence into its economic determinants. In addition, the resulting convergence … forces behind the convergence process are identified. …
Persistent link: https://www.econbiz.de/10001772528
and on how long it takes other entrepreneurs to improve it. We show that technological convergence emerges from the …
Persistent link: https://www.econbiz.de/10014037995
The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We develop a macro-economic model with agent-based micro-foundations that articulates the links between production and organisational structures on the supply side, and the...
Persistent link: https://www.econbiz.de/10003875558
This note presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped pattern of economic growth which represented with a linear model provides information on how an economic system growth in comparison with another one. In particular, this...
Persistent link: https://www.econbiz.de/10012958845
In this paper we study the dynamics of economic growth for 140 countries during the period 1951-2003. The variables representing economic performance are levels and growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths...
Persistent link: https://www.econbiz.de/10012940617