Showing 1 - 10 of 10
This paper examines the evidence for regional convergence or catch-up in levels and growth rates of per capita income …, Re-Weighted Least Squares, and Least Trimmed Squares - establish that unconditional convergence in growth rates does not … obtain, but that there is clear and robust evidence of conditional convergence. This suggests that important differences …
Persistent link: https://www.econbiz.de/10010605213
Although it is well known that Markov process theory, frequently applied in the literature on income convergence …
Persistent link: https://www.econbiz.de/10005755218
becoming more or less concentrated. The existing literature has found deconcentration (convergence) of employment across urban …
Persistent link: https://www.econbiz.de/10005090665
, the model allows for conditional convergence to a long-run level of TFP relative to the frontier.  We also develop an … convergence has taken place over our sample period and that geographic distance to the technology frontier matters. …
Persistent link: https://www.econbiz.de/10011004195
A convergence model with wealth accumulation subject to i.i.d. random shocks is examined. The transfer function shows … econometric theory of time series. Economic theory forces consideration of a broad range of cases, including some which violate B-convergence …
Persistent link: https://www.econbiz.de/10010604867
In this paper we present a general result concerning the convergence to stochastic integrals with non-linear integrands …
Persistent link: https://www.econbiz.de/10010605152
A convergence model in which wealth accumulation is subject to i.i.d. random shocks is examined. The accumulation …
Persistent link: https://www.econbiz.de/10010605252
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
selection results identify a role for conditional convergence, physical and human capital formation, population growth, degree …
Persistent link: https://www.econbiz.de/10005047864
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …
Persistent link: https://www.econbiz.de/10005076110