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Public investment and regional growth and convergence: Evidence from Greece

Psycharis, Yannis; Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2012

This paper estimates the impact of public investment on regional economic growth and convergence at the NUTS III level … capita on regional economic growth – but not on convergence – which also generates considerable spillover effects. However …

Persistent link: https://www.econbiz.de/10011084166

Hansa vs Habsburg: Debt, Deficits and the Entry of Accession Countries into the Euro

Hughes Hallett, Andrew; Lewis, John - C.E.P.R. Discussion Papers - 2004

Price and output level convergence between new member states and the existing EU necessarily implies inflation and … nominal criteria are suspended, the policy instruments required to achieve euro convergence are in the hands of the individual …

Persistent link: https://www.econbiz.de/10005124072

Unconditional Convergence

Rodrik, Dani - C.E.P.R. Discussion Papers - 2011

Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The … the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3 …

Persistent link: https://www.econbiz.de/10009359488

On the gravitation and convergence of industry incremental rates of return in OECD countries

Vaona, Andrea - Dipartimento di Scienze Economiche, Facoltà di Economia - 2010

The hypotheses of sectoral incremental rates of returns gravitating around or converging towards a common value are tested on data for various OECD countries relying on an econometric method able to account for residual autocorrelation and cross-sector correlation. Our null hypotheses receive...

Persistent link: https://www.econbiz.de/10008539679

On the gravitation and convergence of industry profit rates in Denmark, Finland, Italy and the US

Vaona, Andrea - Dipartimento di Scienze Economiche, Facoltà di Economia - 2010

The hypotheses of profit rates gravitating around or converging towards a common value is tested using Danish, Finnish, Italian and US data. Both hypotheses are rejected for all the countries considered. This is interpreted as the result of limitations to capital mobility and of persistent...

Persistent link: https://www.econbiz.de/10008539686

Distance to Which Frontier? Evidence on Productivity Convergence from International Firm-level Data

Bartelsman, Eric J; Haskel, Jonathan; Martin, Ralf - C.E.P.R. Discussion Papers - 2008

An extensive literature on the convergence of productivity between countries examines whether productivity is pulled … use the wide dispersion of productivity across firms to explore convergence to the national frontier. Given this within …

Persistent link: https://www.econbiz.de/10005123710

Spatial Agglomeration Dynamics

Quah, Danny - C.E.P.R. Discussion Papers - 2002

geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering …

Persistent link: https://www.econbiz.de/10005136721

In Search of the Holy Grail: Policy Convergence, Experimentation and Economic Performance

Mukand, Sharun W.; Rodrik, Dani - C.E.P.R. Discussion Papers - 2002

We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...

Persistent link: https://www.econbiz.de/10005136734

Market Integration and Economic Development: A Long-Run Comparison

Keller, Wolfgang; Shiue, Carol Hua - C.E.P.R. Discussion Papers - 2004

How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two decades? A long-run perspective may be important for understanding the process of economic development occurring today. This Paper compares the integration of rice markets in...

Persistent link: https://www.econbiz.de/10005136759

Convergence and Anchoring of Yield Curves in the Euro Area

Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - C.E.P.R. Discussion Papers - 2007

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …

Persistent link: https://www.econbiz.de/10005067658