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convergence. We apply three approaches to convergence – beta-convergence, sigma-convergence and quantile-convergence (q-convergence … check if countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the …
Persistent link: https://www.econbiz.de/10011783003
growth phases. Results show that expansionary regimes are associated with convergence and positive correlation between growth …
Persistent link: https://www.econbiz.de/10011789704
The purpose of this study is to investigate the relation between regional convergence inside of countries in EU and … the correlation between the convergence process and economic growth we focused, as it is usually used in specialised … literature to analyse the real convergence, on the dynamics of GDP per capita expressed in case of EU by PPS (Purchasing Power …
Persistent link: https://www.econbiz.de/10011790043
-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living … divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting …
Persistent link: https://www.econbiz.de/10011815445
This paper looks at the experience of South East Europe which – for the purposes of this paper – includes the former states of Yugoslavia except for Slovenia (i.e. Croatia, Serbia-Montenegro, Bosnia-Herzegovina, and Macedonia), Albania, and the two EU candidate countries, Bulgaria and...
Persistent link: https://www.econbiz.de/10012311419
-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012657999
/N). Then, the Caselli-Tenreyro decomposition is used to explore whether labour-productivity convergence (or divergence) at the …
Persistent link: https://www.econbiz.de/10012669472
. While the primary measure for convergence and catching up is per capita output, we also look at other macroeconomic … studies of convergence between regions of reunified Germany, our approach is purely based upon the time series dimension and … process. In our analysis, we find evidence of catching up for East Germany for most of the indicators. However, convergence …
Persistent link: https://www.econbiz.de/10005003385
We analyze the cross-national distribution of GDP per capita and its evolution from 1970 to 2003. We argue that peaks are not a suitable measure for distinct growth regimes, because the number of peaks is not invariant under strictly monotonic transformations of the data (e.g. original vs. log...
Persistent link: https://www.econbiz.de/10008500503
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