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This paper investigates economic convergence in real income per capita between 27 European Union countries. We employ a non-linear latent factor framework to study transitional behavior among economies between 1970 and 2010. Our results offer important insights on the economic catch-up exhibited...
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This research develops an expanded unified growth theory that incorporates the endogenous accumulation of physical … characterization of the mechanisms behind the observed patterns of long-run growth and comparative development delivers a consistent … various empirical regularities of long-run growth dynamics and comparative development patterns that have previously been …
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to estimate Growth at Risk as introduced in Adrian, Boyarchenko, and Giannone's (2019) seminal paper "Vulnerable Growth …
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