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. This paper uses the club convergence method developed by Phillips and Sul (2007, 2009) to analyse convergence in terms of … suggest the existence of two convergence clubs in terms of size of government. In both groups, the government spending has …. Likewise, there are three different convergence clubs in terms of GDP per capita. The analysis of economic convergence and the …
Persistent link: https://www.econbiz.de/10015402980
modified Mankiw-Romer-Weil equation of the Cobb-Douglas function which takes into account the factor of convergence/divergence …
Persistent link: https://www.econbiz.de/10012547876
Businesses around the world are rapidly adopting digital technologies. Adoption, though, is not even, but it varies … national economies, thus entailing some convergence. The early pandemic has been followed by intentions to digitalize, which … differ widely, entailing some divergence. Intentions are strong in some societies that are forging ahead, but they are weaker …
Persistent link: https://www.econbiz.de/10013470618
The EU Cohesion Policy is one of the European Union's key policy instruments for reducing economic and social disparities among its regions. The paper evaluates the policy contribution to regional economic growth in V4 (Visegrad Four) countries. The study establishes a significant variation in...
Persistent link: https://www.econbiz.de/10014555767
proportion compared to advanced economies, the contemporaneous spatial growth effect is associated with strong growth convergence …
Persistent link: https://www.econbiz.de/10012427658
Though a country's economy is growing, separate regional development disparities could be even more significant. This paper aims to identify the situation of inequality of Lithuania's regions, taking into consideration the most important factors of regional economic growth and investments....
Persistent link: https://www.econbiz.de/10012174785
Against the backdrop of the Russia-Ukraine (R-U) conflict, this paper investigates the convergence process of the bond … market in East Asia from 2010 to 2024, focusing on the impact of the R-U crisis on bond yield convergence. Our findings show … convergence toward both benchmarks, with an accelerated rate during the conflict. Malaysia, China, Indonesia, and the Philippines …
Persistent link: https://www.econbiz.de/10015152851
The paper investigated the difference the EU made to the nature and speed of convergence process in the countries that … organizations can boost economic convergence to the global frontier by further unleashing the market forces of globalization …. However, market-based rapid economic convergence requires matching improvement in institutional quality to make the process …
Persistent link: https://www.econbiz.de/10012816145
convergence of macroeconomic indicators. The resulting model is universal and can be applied to other world regions or to …The article describes the features of the processes of economic convergence in the countries of Eastern Europe for the … last 10 years. The analysis of β- and σ-convergence was carried out based on a system of macroeconomic indicators with 10 …
Persistent link: https://www.econbiz.de/10012318103
This paper focuses on the Association of Southeast Asian Nations (ASEAN)-a major final assembler in production-where studies and evidence on the role of the region in global value chains are limited. We seek to provide new evidence regarding the extent and patterns of international fragmentation...
Persistent link: https://www.econbiz.de/10013328267