Similar Search Results

The limiting distribution of production in integrated economies : evidence from US states and EU countries

Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2006

We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...

Persistent link: https://www.econbiz.de/10011343242

Income distribution, technical change and the dynamics of international economic integration

Landesmann, Michael; Stehrer, Robert - 2005

This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income … transitory dynamics of integrated economies. Income inequality affects the patterns of growth and international specialization as … the model uses non-linear Engel curves and hence different income groups are characterized by different expenditure …

Persistent link: https://www.econbiz.de/10009747672

Specialization on a technologically stagnant sector need not be bad for growth

Felbermayr, Gabriel - 2004

income distribution. In contrast to the research tradition started by Lucas (1988), in the proposed model, specialization on …

Persistent link: https://www.econbiz.de/10009748282

Potential switchovers in comparative advantage : patterns of industrial convergence

Landesmann, Michael; Stehrer, Robert - 2000

Although there exists a vast literature on convergence and divergence of income levels across countries or regions at …

Persistent link: https://www.econbiz.de/10009750855

Appropriate technology and growth

Basu, Susanto; Weil, David N. - In: The quarterly journal of economics 113 (1998) 4, pp. 1025-1054

Persistent link: https://www.econbiz.de/10001368876

Growth and interdependence

Ventura, Jaume - In: The quarterly journal of economics 112 (1997) 1, pp. 57-84

Persistent link: https://www.econbiz.de/10001218981

Growth and risk : methodology and micro evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2006 - Rev.

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...

Persistent link: https://www.econbiz.de/10011334326

Convergence, shocks and poverty

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2002

Using a unique panel data set for rural households in Zimbabwe we estimate amicroeconomic model of growth under uncertainty, a stochastic version of the Ramsey modelwith livestock as the single asset. We use the estimation results in simulation experiments(over a 20-year period) to quantify the...

Persistent link: https://www.econbiz.de/10011326975

The effect of financial development on convergence : theory and evidence

Aghion, Philippe; Howitt, Peter; Mayer-Foulkes, David - In: The quarterly journal of economics 120 (2005) 1, pp. 173-222

Persistent link: https://www.econbiz.de/10002789684