Showing 1 - 10 of 21
This paper examines empirically whether and how regional integration leads to convergence and growth amongst developing …
Persistent link: https://www.econbiz.de/10009421178
In this paper we propose the use of a sequential multivariate approach to test for convergence. These tests allow us to … reconcile the time series literature with the cross-sectional dimension which is basic when testing for convergence in regional … unit root tests in two stages. First, we test for non-convergence without identifying the countries within the group that …
Persistent link: https://www.econbiz.de/10009391439
economic convergence of the real per capita GDP in the EU. Two measures of convergence are employed. The first is σ, which is … based on the cross standard deviation of the real per capita GDPs of the EU countries; the second is β convergence based on … support the hypothesis of economic convergence within the EU except for the 1980-85 sub-period where weak divergence was …
Persistent link: https://www.econbiz.de/10009318894
-economy exogenous growth model into a multi-country, open-economy endogenous growth model. Nevertheless, the conditional convergence and …
Persistent link: https://www.econbiz.de/10009318921
This paper examines the effect of relative productivity levels on international knowledge flows. Using the Coe and Helpman (1995) data on research, I show how separating the sample into distinct groups allows the relationship between relative productivity and research spillovers to be estimated....
Persistent link: https://www.econbiz.de/10010840694
whether those close and growing linkages have led to inter-country income convergence in Western Europe during 1960-2000. We … find clear empirical evidence of convergence. This provides strong support for the notion that Western Europe constitutes a … convergence club. …
Persistent link: https://www.econbiz.de/10010840702
A lack of economic convergence among euro member countries seems to be feeding euro-skepticism. Using a Structural … increased the symmetry of underlying shocks and accelerated the convergence process within this group. Even though the global … crisis of 2007~2009 disturbed the European convergence process, the expected endogeneity effects continue to be generated …
Persistent link: https://www.econbiz.de/10010840730
This paper investigates international output convergence using methods of panel data unit root testing advocated by Im … convergence with respect to the US or Germany. However, while the Im et al. t-bar test offers strong evidence in favor of … convergence, the Breuer et al. SURADF test suggests that this finding may in fact be driven by the rejection of non …
Persistent link: https://www.econbiz.de/10010840749
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
Cluster analysis methods allow for a comparative study of countries through basic macroeconomic indicator fluctuations. Statistical distances between 15 EU countries are first calculated for various moving time windows. The decrease in time of the mean statistical distance is observed through...
Persistent link: https://www.econbiz.de/10009415585