Knowledge spillover theory introduces specialized knowledge and human capital accumulation into the production function, breaks through limitations of traditional economic theory, illustrates continuous permanent source power growth. This article attempts to study “club phenomenon” uneven development China’s regional economy from perspective spillover, using Spatial Dubin Model (SDM) process pr...

This article aims to re-examine the regional convergence hypothesis on income in Indonesia over 2000–2017 period. By applying a non-linear dynamic factor model, this tests club using novel dataset of at district level. The results show significant five clubs Indonesian districts’ dynamics, implying persistence disparity problems across districts even after implementing decentralization policy. ...

Abstract. This study employs the panel convergence methodology developed by Phillips and Sul (2007) to explore the convergence dynamics of international equity markets. The analysis considers both country and industry effects. While traditional portfolio management strategies usually follow a top-down procedure, assuming that country-level effects drive financial aggregates (e.g., stock returns...

This paper presents a model of stochastic growth in which the probability of adverse shocks to production is inversely related to the aggregate stock of capital per capita. Postulating this endogenous relationship, justified by empirical evidence, the model yields long-run predictions consistent with the recent findings of cross-country club convergence and intra-distribution mobility.

Free AccessImportant Keywordshttps://doi.org/10.14220/9783737013444.259SectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail About Previous chapter Next FiguresReferencesRelatedDetails Download book coverOsnabrücker Studien zur Jüdischen und Christlichen Bibel.Volume 8 1st editionISBN: 978-3-8471-1344-7 eISBN: 978-3-7370-1344-4Hi...

This study analyses the convergence of CO2 emissions at state-level in USA for period from 1976 to 2014 a nonlinear and novel empirical framework. In so doing, we have applied Pesaran’s (2007) test pair-wise approach testing which gives general what are rejection frequencies thus provides evidence convergence. At aggregate level, also Chi-Young et al. (2006) half-life KPSS with Fourier transfor...