Journal of International Business and Economy

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International Income Convergence to a Common Trend and Long Run Growth Estimation Using Economic Institutions of OECD Economies
Micah DelVecchio
Volume 20, Number 1, Spring 2019 (pp. 1 ~ 31)

In traditional studies of regional income convergence, the economies are assumed to follow a common long-run trend determined by common technology. For the group of OECD economies, this is a defensible assumption. In this paper, we estimate this long run component by recovering estimates of steady-state levels of output from the standard convergence estimates in a panel data set. We use institutional indicators to help estimate production technology. Results indicate that many OECD economies were above their steady states last decade, explaining the subsequent slower pace of long-run growth.

Key Words: Cross-country output convergence, Development policy, Macroeconomic analyses of economic development, Institutions and growth, OECD, Panel data

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Industry Cluster Based Development: A Paradigm with Partial Understanding, The Case of India
Pragya Bhawsar and Nachiket Gosavi
Volume 20, Number 1, Spring 2019 (pp. 32 ~ 51)
Entrepreneurship in Transition Economies: Is There an Entrepreneurial Characteristic Similarity to Western Entrepreneur?
Thomas Bradley and Paul Eberle
Volume 19, Number 2, Fall 2018 (pp. 105 ~ 157)