Convergence Of International Output Movements PDF Download
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Author | : Andrew B. Bernard |
Publisher | : |
Total Pages | : 64 |
Release | : 1991 |
Genre | : Economic development |
ISBN | : |
Download Convergence of International Output Movements Book in PDF, ePub and Kindle
This paper explores the convergence of real per capita output in advanced industrialized economies. We start by observing that in a stochastic environment. convergence in per capita GDP requires that permanent shocks to one econ~ be associated with permanent shocks to other economies. Convergence is a natural outcome, of models where exogenous technical change migrates across countries with similar microeconomic specifications. Conversely, in a world where some component of permanent output movements is due to technical change whereas other components are due to domestic factors. national economies may diverge over time. we formalize a general definition of convergence using the notions of unit roots and cointegration developed in the time series literature. We construct bivariate and multivariate tests of convergence across advanced industrialized economies. Our evidence indicates that one cannot reject the no convergence null. Further. the estimated time series representation of cross-country output deviations exhibits substantial persistence. These results suggest that previous empirical work on convergence has neglected some aspects of the null hypothesis.
Author | : Richard Baldwin |
Publisher | : Harvard University Press |
Total Pages | : 340 |
Release | : 2016-11-14 |
Genre | : Business & Economics |
ISBN | : 067466048X |
Download The Great Convergence Book in PDF, ePub and Kindle
From 1820 to 1990 the share of world income going to today’s wealthy nations soared from 20% to 70%. That share has recently plummeted. Richard Baldwin shows how the combination of high tech with low wages propelled industrialization in developing nations, deindustrialization in developed nations, and a commodity supercycle that is petering out.
Author | : Gregory D. Hess |
Publisher | : Cambridge University Press |
Total Pages | : 342 |
Release | : 2000-09-11 |
Genre | : Business & Economics |
ISBN | : 9780521661638 |
Download Intranational Macroeconomics Book in PDF, ePub and Kindle
This book brings the intranational macroeconomics literature into clearer focus by collecting the strands of research into a common thread.
Author | : Anastasios Karasavvoglou |
Publisher | : Springer |
Total Pages | : 216 |
Release | : 2014-10-10 |
Genre | : Business & Economics |
ISBN | : 3319101331 |
Download EU Crisis and the Role of the Periphery Book in PDF, ePub and Kindle
The European economy is still in recession, even though there are some weak indications of stabilization. This book examines important aspects of the crisis in selected countries of Southern Europe, the Balkans and Eastern Europe. The intensity of the crisis and its economic and social repercussions have varied from country to country, generally impacting the core countries less than those on the periphery. The countries in the latter group currently face significant structural challenges with regard to improving productivity and competitiveness, including the areas of investment, climate, the labour market, and the public sector. The book not only illustrates the scope of the problem, but also informs readers on the policies implemented to address it, and discusses the progress some of the economies have already made. Special topics include the convergence hypothesis, agriculture and growth, Public-Private Partnership in Infrastructure (PPPI), and the labour market.
Author | : Michael Spence |
Publisher | : Farrar, Straus and Giroux |
Total Pages | : 320 |
Release | : 2011-05-10 |
Genre | : Business & Economics |
ISBN | : 1429968710 |
Download The Next Convergence Book in PDF, ePub and Kindle
A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
Author | : Bart van Ark |
Publisher | : Cambridge University Press |
Total Pages | : 472 |
Release | : 2007-01-18 |
Genre | : Business & Economics |
ISBN | : 9780521032933 |
Download Quantitative Aspects of Post-War European Economic Growth Book in PDF, ePub and Kindle
A quantitative account of European growth since 1950 which combines historical and economic expertise.
Author | : Satya Dev Gupta |
Publisher | : Springer Science & Business Media |
Total Pages | : 349 |
Release | : 2012-12-06 |
Genre | : Political Science |
ISBN | : 1461561698 |
Download The Political Economy of Globalization Book in PDF, ePub and Kindle
Globalization is transforming the world at an accelerated pace. Integration of the world continues, widening and intensifying international linkages in economic, political and social relations. Liberalization of trade and fmance, lubricated by revolutionary changes in information technology, has resulted in significant economic growth at the global level. On the other hand, the process of globalization is changing the nature of production relations, threatening the traditional roles of the nation-state, and carrying with it far-reaching implications for sustainable growth, development and the environment. Although both developed and developing countries are actively participating in this saga of globalization, nearly ninety countries, as the United Nations' Human Development Report, 1996 indicates, are worse off economically than they were ten years ago, leading to "global polarization" between haves and have nots. The report further indicates that the gap between the per capita incomes of the industrialized world and the developing countries, far from narrowing, has more than tripled during the last thirty years. Further, a majority of the countries benefitting from this globalization drive have seen a rise in inequality and poverty. This failure of market driven globalization to reward the benefits equitably led the United Nations to proclaim 1996 as the International Year for the Eradication of Poverty (IYEP) and the decade of 1997-2006 as the international decade for the eradication of poverty, and to promote "people-centered sustainable development".
Author | : Bert G. Hickman |
Publisher | : World Scientific |
Total Pages | : 372 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9789810232344 |
Download LINK Proceedings, 1991, 1992 Book in PDF, ePub and Kindle
This book covers two years of research activities associated with Project LINK, which is based on a model of the world economy, covering 79 countries or regional groupings of countries. Papers dealing with interesting thematic issues were carefully selected and expanded into full articles. The subjects studied by various LINK participants for reporting at annual meetings include exchange rate systems, international investment, environmental protection, international economic institutions, LINK system improvements, and international economic policy. As always, there are contributions dealing with methodological advances for world modeling.
Author | : |
Publisher | : Lulu.com |
Total Pages | : 294 |
Release | : 2004 |
Genre | : Bank capital |
ISBN | : 9291316695 |
Download International Convergence of Capital Measurement and Capital Standards Book in PDF, ePub and Kindle
Author | : Keith E. Maskus |
Publisher | : Emerald Group Publishing |
Total Pages | : 560 |
Release | : 2007-10-01 |
Genre | : Law |
ISBN | : 184950539X |
Download Intellectual Property, Growth and Trade Book in PDF, ePub and Kindle
Offers comprehensive and analytical literature surveys of the central questions regarding the linkages between intellectual property protection, international trade and investment, and economic growth. This book covers such questions as policy coordination in IPR, dispute resolution, and markets for technology and technology transfer.