Showing 1 - 10 of 56
-country differences in inequality permanent, or gradually narrowing? Equivalently, is there convergence not just in the first moment of … individual income (GDP per capita), but convergence in distribution? …
Persistent link: https://www.econbiz.de/10005123982
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or …
Persistent link: https://www.econbiz.de/10005124371
partners - is shown to be related to an increase in the rate of convergence between the countries. …
Persistent link: https://www.econbiz.de/10005136577
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …
Persistent link: https://www.econbiz.de/10005497902
West Germany being admitted to the `convergence club'. The role of the Currency Reform, associated price liberalization and … convergence to US levels of productivity stopped. By contrast, Germany was able to maintain its share of world export markets …
Persistent link: https://www.econbiz.de/10005498051
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical … costs to increase reduces followers' growth rates and thereby generates a pattern of conditional convergence. We discuss how …
Persistent link: https://www.econbiz.de/10005504608
I argue in this paper that the `speed of convergence' estimated in recent works on `convergence' does not capture … `actual' convergence towards a steady state, but rather conditional dynamics towards a moving target. Although this … conditional convergence can be taken to imply that there are decreasing returns to such storable assets as physical and human …
Persistent link: https://www.econbiz.de/10005504752
This paper illustrates how convergence equations can be used to analyse the dynamics of the income distribution, thus … allowing for the main convergence mechanisms identified in the literature. The estimated model and the underlying data are then … used in a convergence accounting exercise, which yields quantitative estimates of the contribution of each of these …
Persistent link: https://www.econbiz.de/10005656166
This paper offers new tests of the `convergence hypothesis'. It first analyses the pattern of growth of measured inputs … is led to reject the convergence theory. In order to understand what lies at the heart of this discrepancy, the paper … school enrolments (or the UN-conditional convergence of the stock of measured inputs would not hold), but because the law of …
Persistent link: https://www.econbiz.de/10005662305
This paper focuses on one possible explanation for the empirical evidence of: (a) income convergence among the world … outcomes that are consistent with the convergence-divergence empirical evidence. While subsistence consumption can lead to …
Persistent link: https://www.econbiz.de/10005791191