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Testing the convergence hypothesis for OECD countries : a reappraisal
Gadea, María Dolores; Sanz-Villarroya, Isabel - 2017
This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses … OECD countries, there are different clusters. The parameter representing the convergence hypothesis, despite being negative … convergence between the countries that belong to the upper quantiles. Moreover, 1960–1970 is highlighted as the period in which …
Persistent link: https://www.econbiz.de/10011629413
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Spatial econometrics : a braod view
Arbia, Giuseppe - 2016
Persistent link: https://www.econbiz.de/10011570630
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Polarization, growth and social policy in the case of Israel, 1997 - 2008
García-Fernández, Rosa María; Gottlieb, Daniel; … - 2013
In this paper we study income polarization by first comparing the efficiency of two statistical models to identify the number of poles in the income distribution empirically. The statistical models used are a multi-resolution analysis (MRA) and a log-normal approach (LNA). We then apply the...
Persistent link: https://www.econbiz.de/10009731409
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The portfolio theory of inflation and policy (in)effectiveness
Bossone, Biagio - 2019
The analysis of open macroeconomies typically assumes (implicitly or explicitly) that resource allocation decisions are taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical allocation decisions are taken by global investors and...
Persistent link: https://www.econbiz.de/10012012446
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The portfolio theory of inflation and policy (in)effectiveness revisited : corroborating evidence
Bossone, Biagio; Cuccia, Andrea - 2020
This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness of macroeconomic policy in open and globally financially integrated economies is influenced by global investor decisions (Bossone, The portfolio theory of inflation and policy...
Persistent link: https://www.econbiz.de/10012140238
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Revenue and expenditure nexus : a case study of ECOWAS
Magazzino, Cosimo - 2013
This paper aims to assess the relationship among fiscal variables (government revenue and expenditure) in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in fifteen ECOWAS countries, a weak long-run relationship between government expenditure and revenue...
Persistent link: https://www.econbiz.de/10009728600