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An Alternative View of the Convergence Issue of Growth Empirics

Brida, Juan Gabriel - 2018

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

Economic integration and growth at the margin : a space-time incremental impact analysis

Mitze, Timo; Breidenbach, Philipp - 2018

We use the case of EU enlargement in 2004 to investigate the impact of economic integration on regional income growth. Being particularly interested in studying the effects ‘at the margin’, we track the relative performance of regions adjacent to both sides of the integration border...

Persistent link: https://www.econbiz.de/10011922710

Testing the Convergence Hypothesis : A Comment

Carree, Martin A.; Klomp, Luuk - 1998

In a recent paper Lichtenberg (1994) proposes a test of the convergence hypothesis that the variance of productivity …, probabilities of committing a type II error of incorrectly rejecting the convergence hypothesis are large. This problem manifests … most strongly in short time periods. Lichtenberg, for example, rejects the convergence hypothesis for a data set of 22 OECD …

Persistent link: https://www.econbiz.de/10014064039

Free Trade, Growth, and Convergence

Ben-David, Dan; Loewy, Michael B. - 1998

on income convergence and growth rates during transition and over the long run. Among the results of the model …

Persistent link: https://www.econbiz.de/10014067703

Converging Wages, Diverging GRP - Directed Technical Change and Endogenous Growth - Empirical Analysis of Growth Patterns Across Kazakh Regions

Aldashev, Alisher - 2012

of spatial correlation we estimate the convergence rate of wages across Kazakh regions for the period 2003–2009. The … estimated convergence rate is about 3% which is somewhat higher than estimates obtained for the USA and Europe. At the same time … there is slight divergence in the GRP per capita. It is argued that convergence in wages which coincides with divergence in …

Persistent link: https://www.econbiz.de/10013111473

Realism in Economics : The New Classical Case

Galbács, Peter - 2017

For the last few decades, considerable attention has been paid to the methodology of mainstream economics. It is not mere chance that economics is surrounded by methodological debates. If its relevance is at stake, this can be either refuted or proven most efficiently at a methodological level....

Persistent link: https://www.econbiz.de/10012952404

Edmond Malinvaud’s Criticisms of the New Classical Economics : Restoring the Nature and the Rationale of the Old Keynesians’ Opposition

Renault, Matthieu - 2021

Unlike standard accounts, recent research in the history of macroeconomics has given increasing attention to the Old Keynesians’ criticisms of the New Classical Economics. In this paper, I address the case of Edmond Malinvaud, who began opposing the latter from the early 1980s and did so...

Persistent link: https://www.econbiz.de/10013249869

Theory to the Rescue of Large-Scale Models : Edmond Malinvaud’s View on the Search for Microfoundations

Renault, Matthieu - 2022

, namely the disequilibrium theory (more properly, the non-Walrasian approach) and the practice of large-scale macroeconomic …

Persistent link: https://www.econbiz.de/10013292178

Models, truth, and analytic inference in economics

Hoover, Kevin D. - 2019 - Revised, 31 December 2018

A popular view of models among economists and philosophers alike is that all models are false, but some are useful. Models are frequently treated as convenient fictions, idealizations, stories about credible worlds, or "near enough" to the truth. But such a understandings pose serious questions,...

Persistent link: https://www.econbiz.de/10011950334

Policy Maker's Credibility with Predetermined Instruments for Forward-Looking Targets

Chatelain, Jean-Bernard; Ralf, Kirsten - 2020

-policy rules when caring about a number of policy targets such as the output gap and expected inflation. Special attention is given …

Persistent link: https://www.econbiz.de/10014090355