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The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
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analyse both s and b convergence and discuss the impact of EU membership, trade and investment. We also analyse how seven … growth in the accession countries. Still, the experience of the EU15 countries shows that convergence cannot be taken for …The EU15 countriesu0092 real GDP per capita levels adjusted for purchasing power converged in 1960u00962001 …
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DGXI of the European Commission has commissioned this study to provide an analysis of current export activity by the EU … develop appropriate policy recommendations for promoting EU eco-industry exports and related employment in the future. …
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Capital quality improvement is a general phenomenon. Therefore quality correction is needed in price indexes. There is substantial evidence of biases in the official price indexes of capital equipment. We apply to euro area statistics estimates of these biases based on US data thus deriving...
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