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We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). “Endogenous technological change”. Journal of Political Economy 98, 71–102]. In the first part, we present different versions of the benchmark linear model with imperfect...
Persistent link: https://www.econbiz.de/10014023784
We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “labequipment” model, labor-for-intermediates” and...
Persistent link: https://www.econbiz.de/10005772070
This issue of the Journal is devoted to physical integration in Latin America. The Editorial Committee set about … broad spectrum. Regional physical integration is supported by a wide range of instruments, such as infrastructure works to …
Persistent link: https://www.econbiz.de/10010587719
Persistent link: https://www.econbiz.de/10014010373
for the issue of rapid convergence to the best system. In addition, we introduce a formal concept of complementarity and … complementarity, that there even is the possibility of a convergence towards a common system which is economically inferior. And in … the specific case of European integration, inefficient convergence of corporate governance systems is a possible future …
Persistent link: https://www.econbiz.de/10010316240
systems waffle, as D. Schneider has called it). We have found the concept of complementarity to be very helpful in this … complementarity and coherence, and the specific indicators used to quantify them, the paper moves on to apply these concepts by … that the concept of complementarity has far-reaching implications for all efforts to shape, and possibly improve, the …
Persistent link: https://www.econbiz.de/10010316263
Persistent link: https://www.econbiz.de/10012285148
Cooperation. The economic relations assumed the integration forms. …
Persistent link: https://www.econbiz.de/10005036421
This paper provides a textbook example of integration between commodity markets, and the subsequent price convergence …-varying coefficient estimation applying the Kalman filter, to test whether price convergence between different locations is really taking … perfect price convergence between these locations; on the other hand, liberalization on the continent does not seem to be …
Persistent link: https://www.econbiz.de/10010296793
Economic integration in Europe has been accompanied by concerns about the impact of integration on regional disparities … in the EU. The purpose of this paper is to investigate the effects of the most recent EU enlargement on convergence among … countries and regions in the EU27. Departing from a new economic geography framework, we focus on integration effects caused by …
Persistent link: https://www.econbiz.de/10010305501