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indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …
Persistent link: https://www.econbiz.de/10011390790
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in African countries, disaggregated into 11 … the contrary. As a policy implication, looking beyond income convergence can provide a concrete agenda for development …
Persistent link: https://www.econbiz.de/10009422021
analysis uncovers a complex pattern of divergence and convergence for these componentsÕ evolution. Development is not a smooth …) Absolute divergence/convergence for the HDI components is decomposed using simultaneous growth regressions including a full set …
Persistent link: https://www.econbiz.de/10008673311
This paper introduces a new and comprehensive Human Development Index (HDI) trends dataset for 135 countries and 40 years of annual data. We apply this dataset to answer several empirical questions related to the evolution of human development over the last 40 years. The data reveal overall...
Persistent link: https://www.econbiz.de/10010611335
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …
Persistent link: https://www.econbiz.de/10010695998
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …
Persistent link: https://www.econbiz.de/10011410273
Development Index trend and convergence across countries is tested for by the conventional cross-country methods of beta- and … sigma-convergence. We perform similar analyses on those countries that joined the European Union before its 2004 enlargement … and on all current members of the EU too. Our results indicate convergence for all three groups of countries we consider …
Persistent link: https://www.econbiz.de/10014212552
Recent empirical studies tend to confirm the importance of investment in human and technological capital as determinants of growth. Extensions of the neoclassical model that incorporate these factors explain rather well the long-run growth experience of a large sample of countries, and are...
Persistent link: https://www.econbiz.de/10005791332
A number of macroeconomic theories, very popular in the 1980s, seem to have completely disappeared and been replaced by the dynamic stochastic general equilibrium (DSGE) approach. We will argue that this replacement is due to a tacit agreement on a number of assumptions, previously seen as...
Persistent link: https://www.econbiz.de/10012042172
or non-identified when testing them. Two examples are provided, one in growth theory and testing convergence, one in …
Persistent link: https://www.econbiz.de/10011597938