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The Convergence of Economic Developments
Studies in Nonlinear Dynamics & Econometrics, 2012After an introduction on the mathematical memory formalisms and on their use in many branches of science, we consider a model the evolutions of m > 2 economies yi(t), where we assume that their interaction is based on the differences of the values of their evolution status.
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Discounting, inequality and economic convergence
Journal of Environmental Economics and Management, 2015The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate when international credit and risk-sharing markets are inefficient. We consider an economy in which initial consumption levels and growth expectations are heterogeneous.
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Macro Economic Convergence in Europe
National Institute Economic Review, 1991Economic convergence within the EMS member states is a precondition for further moves to economic and monetary integration. The Delors Report has set out a path toward EMU in three stages, where transition to the next stage depends on some degree of convergence being achieved in the previous stage.
Ray Barrell, J.W. In't Veld, R. Anderton
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Economic convergence and climate policy
Energy Policy, 2000Abstract This paper addresses the relevance of the economic convergence hypotheses between the developing and the developed world in international greenhouse gas (GHG) emissions negotiations. The results are based on a two-region (the OECD and the rest of the world, ROW) neo-classical growth model with exogenous technical progress, different ...
Juan Carlos Ciscar, Antonio Soria
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Globalization and the Myth of Economic Convergence
Économie appliquée, 2002This paper offers a critical survey of a strong globalization thesis that predicts a direct link from more open trade and investment regimes to faster economic growth in developing countries and income convergence across the global economy. Its examination of recent experience suggests that while in a more open and integrated world economy both the ...
Kozul-Wright, Richard, Rowthorn, Robert
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Economic Convergence and Monetary Union
1993The Maastricht Treaty has acknowledged, and translated into precise criteria and indicators, the need for increased economic convergence to enter the final phase of Economic and Monetary Union (EMU). In this paper, we examine the improvement in the process of economic convergence since the creation of the EMS in 1979 and until mid-1992, as well as the ...
Ciro Schioppa, Francesco Papadia
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Spatial Analysis of Economic Convergence
2009This chapter reviews some of the major econometric models, approaches and issues related to the spatial dimensions of economic convergence and inequality. Key themes concern the implications of spatial dependence (autocorrelation) and heterogeneity for the specification, estimation, and interpretation of convergence models on the one hand and, on the ...
Sergio J. Rey, Julie Le Gallo
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Real Economic Convergence [PDF]
Real convergence is an essential objective of Romaniaâ s integration into the EU. Bridging the development gaps between Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause divergence and polarization. For this purpose, special tools and mechanisms are required; e.g., cohesion. The
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Remarks on the Economic Implications of Convergence
Industrial and Corporate Change, 1996Convergence means different things to different people This paper discusses two ways in which convergence is generally discussed: (i) the convergence of voice, video and data in telecommunications markets: and (ii) the convergence of the telecommunications an computer industries In order to understand what types of new services will be offered and how ...
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Ecoterrorism: An Ecological-Economic Convergence [PDF]
Ecoterrorism is a challenging term because neither threats nor responses are easily defined. Instead, this problem can be solved only by complex means and applying interdisciplinary approaches. Here, we propose modeling ecological-economic complex systems to calculate the possible negative impacts of pollution – and especially intentional pollution ...
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