Convergence Empirics Across Economies with (some) Capital Mobility
Title | Convergence Empirics Across Economies with (some) Capital Mobility PDF eBook |
Author | Danny Quah |
Publisher | |
Pages | 74 |
Release | 1994 |
Genre | Capital movements |
ISBN |
Empirics for Economic Growth and Convergence
Title | Empirics for Economic Growth and Convergence PDF eBook |
Author | Danny Quah |
Publisher | |
Pages | 23 |
Release | 1995 |
Genre | Convergence (Economics) |
ISBN | 9780753002476 |
Convergence Across Countries and Regions
Title | Convergence Across Countries and Regions PDF eBook |
Author | Angel de la Fuente |
Publisher | |
Pages | 52 |
Release | 2000 |
Genre | Convergence (Economics) |
ISBN |
Economic Convergence Across German Regions in Light of Empirical Findings
Title | Economic Convergence Across German Regions in Light of Empirical Findings PDF eBook |
Author | John B. Hall |
Publisher | |
Pages | |
Release | 2010 |
Genre | |
ISBN |
This paper challenges the convergence hypothesis advanced by R. Barro and X. Sala-i-Martin as it is applied to explain the forces behind, patterns exhibited by and time line for German regional convergence. Exposed in some detail are the spurious neoclassical and marginalist assumptions, purporting that 'automatic' forces would indeed bring about a convergence in per capita incomes between two German regions. A trend exhibiting slow growth in per capita income in Germany's eastern region renders a Beta coefficient so low as to rule out convergence altogether. In addition, capital fails to move between German regions in the pattern assumed by the convergence hypothesis.
Empirics for Growth and Distribution
Title | Empirics for Growth and Distribution PDF eBook |
Author | Danny Quah |
Publisher | |
Pages | 25 |
Release | 1997 |
Genre | Convergence |
ISBN | 9780753000809 |
Long-Run Economic Growth
Title | Long-Run Economic Growth PDF eBook |
Author | Steven Durlauf |
Publisher | Springer Science & Business Media |
Pages | 204 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 3642612113 |
One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Economic Growth and Convergence
Title | Economic Growth and Convergence PDF eBook |
Author | Robert J. Barro |
Publisher | |
Pages | 40 |
Release | 1994 |
Genre | Convergence (Economics) |
ISBN |