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We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.
Persistent link: https://www.econbiz.de/10010955648
core topics studied in the growth econometric framework, namely, convergence, identification of growth determinants and …
Persistent link: https://www.econbiz.de/10005083353
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10009294882
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
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
convergence. Focusing on the late nineteenth century, a period both of globalization and convergence, it shows that trade had an … important force for convergence during this period, however. The analysis suggests that more attention should be paid to open … economy forces when discussing convergence. …
Persistent link: https://www.econbiz.de/10005124198
World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the … leaders, especially in real wages and living standards. Some, like Ireland, achieved convergence without industrialization … globalization was by far the dominant force accounting for convergence (and divergence) around the periphery. Some exploited it well …
Persistent link: https://www.econbiz.de/10005124320
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371
. There is convergence to natives in the occupational distribution, but not in wages. In the long run, the return for …
Persistent link: https://www.econbiz.de/10005124392
markets in Europe, and some people have argued that it has induced a convergence in industrial structures across countries … time period 1994 to 1998, we do not find strong evidence for ‘convergence’ in manufacturing in Europe. ‘Full’ convergence … some form of conditional convergence is observed. A Gibrat process best describes the growth of very large and mature firms …
Persistent link: https://www.econbiz.de/10005136467