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convergence rate across the U.S. is about 7 percent per year – higher than the 2 percent normally found with OLS in cross …-country, U.S. state, and European region samples. Estimated convergence rates for 32 individual states are above 2 percent with … an average of 8.1 percent. For 29 states the convergence rate is above 2 percent with 95 percent confidence. For seven …
This paper deals with the development of disparities in regional per capita GDP and convergence processes in the … inequality in order to show the development of between- and within-country disparities. Secondly, we conduct a formal Ø-convergence … centre of Europe. However, the convergence process has been driven mainly by national factors. In the course of this process …
This paper deals with the development of regional income disparities and convergence processes in the countries of the … the period 1995 - 2003. We use the two classical concepts of s – and ß-convergence. Furthermore, spatial econometric …
This paper deals with the development of regional income disparities and convergence processes in the countries of the … the period 1995 - 2003. We use the two classical concepts of s – and ß-convergence. Furthermore, spatial econometric …
This paper deals with the development of disparities in regional per capita GDP and convergence processes in the … inequality in order to show the development of between- and within-country disparities. Secondly, we conduct a formal Ø-convergence … centre of Europe. However, the convergence process has been driven mainly by national factors. In the course of this process …
Regional disparities in Central and Eastern Europe rose substantially since 1990. Still, prima facie evidence of beta-convergence … convergence. In both CEE and the ‘old’ EU15, regional convergence is strongly linked to the level of national development, non …-linearly. But while in the EU15 convergence speeds-up at intermediate/high levels of development, in CEE we find divergence at …
We study the dynamic output and welfare effects of public infrastructure investment under a balanced budget fiscal rule, using an overlapping generations model of a small open economy. The government finances public investment by employing distortionary labor taxes. We find a negative short-run...
The paper studies the dynamic output effects of public infrastructure investment in a small open economy. We develop an overlapping generations model that includes a production externality of public capital and a wealth effect on labor supply. Public capital enters the firm's production function...
à l'oeuvre entre celles-ci. Nous estimons la vitesse de convergence du niveau de revenu par habitant des municipalités … structurelles des municipalités, nos résultats indiquent la présence d'une convergence du revenu moyen par habitant ainsi que d … convergence speed of per capita income among municipios and test whether spatial externalities are linked to local income growth …