Showing 1 - 10 of 18
I estimate a Solow model augmented with human capital in 42 countries for 1910–2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.
Persistent link: https://www.econbiz.de/10010664112
This paper analyses the convergence of US house prices. Our results confirm the existence of some degree of …
Persistent link: https://www.econbiz.de/10011041556
Scholars have often argued that crime hinders growth, but the empirical literature assessing such an effect is scarce. By exploiting cross-municipal income and crime data for Mexico, in this study we find evidence indicating that drug-related crime indeed deters growth.
Persistent link: https://www.econbiz.de/10011041653
This article studies the firm-level productivity convergence process in the 1990s and the 2000s in France. The speed of … convergence has slowed during the course of the 1990s, a fact which is explained principally by the acceleration of the …
Persistent link: https://www.econbiz.de/10010597220
We reassess convergence of income across countries and its determinants. The ergodic distribution of output per worker …
Persistent link: https://www.econbiz.de/10010572262
This paper empirically tests for convergence in consumer price indices across 17 major cities in US over the 1918 …–2008 period. By using the novel OLS estimator introduced by Bao, Y., Dhongde, S., 2009. Testing convergence in income distribution …. Oxford Bulletin of Economics and Statistics 71, 295–302, we find overwhelming evidences in support of price level convergence …
Persistent link: https://www.econbiz.de/10010576409
This paper studies convergence in CO2emission intensity (CO2 emissions over GDP) among OECD countries over the period … existence of convergence clubs. Our results highlight that differences in emission intensity convergence are more determined by … differences in convergence of the carbonisation index rather than by differences in the dynamic convergence of energy intensity. …
Persistent link: https://www.econbiz.de/10010603106
1930 to 2000 using a discrete-state Markov chain. We test for and find evidence in favor of the (knowledge) convergence … states in the middle of the cross-sectional distribution and the rate of convergence to the limiting distribution is "slow." …
Persistent link: https://www.econbiz.de/10010271973
country to its trade partners. The implied rate of convergence is higher after including the spatial terms. …
Persistent link: https://www.econbiz.de/10010681760
We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these are the same across countries. We find that we cannot reject this hypothesis for the first and last three decades of the 20th century. We conclude that: (i) there are few, if...
Persistent link: https://www.econbiz.de/10010318375