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regions, we find evidence for conditional convergence with speed around two percent. The convergence process between countries … is dominated by the catching up process of regions in Central and Eastern Europe (CEE), whereas convergence within …
Persistent link: https://www.econbiz.de/10012765299
(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … as follows. In the pre-2008 crisis period, no integration/convergence of any kind is found. By contrast, in the post … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence …
Persistent link: https://www.econbiz.de/10012953892
We investigate the prevalence and determinants of ethnic favoritism, i.e., preferential public policies targeted at the political leader's ethnic group. We construct a panel dataset of 2,022 ethnographic regions from 139 countries with annual observations from 1992 to 2012, and use nighttime...
Persistent link: https://www.econbiz.de/10013027085
of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods … enhance convergence of the growth rates of trading economies. In contrast, reductions in transportation costs of non …-industrial goods contribute to a further divergence across countries …
Persistent link: https://www.econbiz.de/10013054015
knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development …
Persistent link: https://www.econbiz.de/10013001168
-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …. Club convergence in growth rates can be traced back to a country's openness and to a minimum required level of human …
Persistent link: https://www.econbiz.de/10012754962
. We show that this partial convergence in party platforms can be explained by international climate agreements …
Persistent link: https://www.econbiz.de/10013315969
approximately 71-80% of all countries face sigma-convergence. Finally, we study different major determinants of the level of ….e., the determinants of the convergence process. We find evidence for an N-shaped relationship between development and …
Persistent link: https://www.econbiz.de/10013023191
Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are “natural” according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We...
Persistent link: https://www.econbiz.de/10012917018
This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...
Persistent link: https://www.econbiz.de/10013119836