Showing 1 - 10 of 48
This paper revisits the work of Richard Cantillon and Francois Quesnay in order to conceptualise the dynamics between rural and urban areas in an economy. Concepts of social surplus and economy as a circular flow are presented in order to highlight the interrelationship between the growth...
Persistent link: https://www.econbiz.de/10008836739
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R&D spillovers as well as remainder,...
Persistent link: https://www.econbiz.de/10005406424
In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to...
Persistent link: https://www.econbiz.de/10011109576
We use panel data for fourteen Indian states to assess the influence of public infrastructure on industrial activity, namely productivity, employment, real wages and investment, at the state level and over the period 1974-1998. Our results indicate that the length of national highways has on...
Persistent link: https://www.econbiz.de/10005621498
ICT could help the New Member States catch up with EU-15 in economic terms. The report documents the potential of ICT for improved productivity performance in the Central and Eastern Europe countries (CEE) at the macro and industry level, in relation to the EU-15 and the US.
Persistent link: https://www.econbiz.de/10008869287
convergence during the 1990s. In a few CEER countries, notably the Czech Republic and Hungary, ICT production contributed more to … considerably lower than in the U.S.. The paper argues that the convergence process between CEER countries and the EU-15 is … characterized by two phases. In the first “restructuring” phase, convergence has been driven by enterprise restructuring in …
Persistent link: https://www.econbiz.de/10008869296
wage convergence, defined this way, has no theoretical underpinnings. According to the experience of less developed EU … members that joined the union in the 1970s and 1980s, the so called cohesion countries, even after accession, wage convergence … competitiveness of Hungarian products. The article draws up possible convergence scenarios for the Hungarian wages. It turns out that …
Persistent link: https://www.econbiz.de/10011110057
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …
Persistent link: https://www.econbiz.de/10009493290
This paper examines, through the use of plant-level data, whether R&D’s productivity impact is contingent on the distance of a plant’s productivity from the industry’s technological frontier. R&D is specified as an accumulated stock from R&D investments. We analyse the productivity effect...
Persistent link: https://www.econbiz.de/10005789994
We process information in a large number of wage contracts, signed over a period of several decades, to generate the long-run history of the real wage for each bargaining pair. We term these hitherto unexamined histories ‘chronologies’. We are able to generate 1574 continuous real wage...
Persistent link: https://www.econbiz.de/10005406353