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country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …
Persistent link: https://www.econbiz.de/10012619417
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … 'New Kaldor facts' and produces an extraordinary diversity of country growth performances, including the overtaking of …
Persistent link: https://www.econbiz.de/10011397182
argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of … other East Asia economies and the model predictions suggest that China's growth will substantially slow, so much so that we …
Persistent link: https://www.econbiz.de/10014293308
regional income data are available. We subsequently use our estimation results for an out-ofsample prediction of regional …
Persistent link: https://www.econbiz.de/10010515477
The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and … model to dynamically evaluate whether economic growth triggered by an increase in public education expenditure on behalf of …
Persistent link: https://www.econbiz.de/10010417999
imperfect substitution and skill biased technological change closes the gap between the Mincer equation and GDP growth …
Persistent link: https://www.econbiz.de/10011408972
We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of … economic growth implied by differences between regions and those within regions of a given country. In the cross-section of … countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …
Persistent link: https://www.econbiz.de/10003806087
Persistent link: https://www.econbiz.de/10003624594
Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth …
Persistent link: https://www.econbiz.de/10015164663
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529