http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.
변환된 중국어를 복사하여 사용하시면 됩니다.
Income Convergence in the Asia-Pacific Region
( Leo Michelis ),( Simon Neaime ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 2004 Journal of Economic Integration Vol.19 No.3
This paper uses the concepts of σ-convergence and β-convergence to evaluate empirically the hypothesis of income convergence in the Asia-Pacific region, and its subsets of East Asia and ASEAN during the period 1960-1999. Because of the East Asian financial crisis in the late 1990s, the analysis is carried out sequentially, first for the period 1960-1990 and then for the period 1960-1999. For the former period, we find evidence of conditional β-convergence in a group of 17 APEC countries and in 10 EASTASIA countries. No evidence of income convergence is found for the ASEAN group of countries. For the latter period, there is weak evidence of conditional β- convergence in a group of 16 APEC countries, and much weaker evidence of income convergence in EASTASIA. We attribute this finding to the damaging effects of the financial crisis in the second half of the 1990s. Also, the empirical evidence shows that openness to international trade is statistically the most important variable for sustaining economic growth in the Asia-Pacific region. Of the other variables macroeconomic stability has a positive impact on growth, while government spending and population growth have a negative effect in general.
( Leo Michelis ),( Minoas Koukouritakis ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 2007 Journal of Economic Integration Vol.22 No.1
This paper investigates empirically the extent to which the ten new EU countries are ready to join the European Monetary Union (EMU). Using France and Germany as a benchmark, we assess the prospects of successful EMU participation based on common trends analysis of the nominal convergence criteria as well as on real exchange rates and real per capita GDPs. The empirical results indicate that the new EU countries are partially ready to join the eurozone, and need further adjustments in their government policies to be fully prepared for joining the EMU.
Economic Convergence in the European Union
( Ling Yin ),( George K. Zestos ),( Leo Michelis ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 2003 Journal of Economic Integration Vol.18 No.1
Starting with the Treaty of Rome (1957), the European Union adopted common policies to promote “harmonious economic development and balanced expansion.” The paper investigates how successful such policies were, by examining whether there was economic convergence of the real per capita GDP in the EU. Two measures of convergence are employed. The first is σ, which is based on the cross standard deviation of the real per capita GDPs of the EU countries; the second is β convergence based on the neoclassical growth model. Both σ and β were estimated using EU data for the period 1960-1995. The empirical findings support the hypothesis of economic convergence within the EU except for the 1980-85 sub-period where weak divergence was indicated.
Economic Convregence in the European Union
Yin, Ling,Zestos, George K.,Michelis, Leo 세종대학교 국제경제연구소 2003 Journal of Economic Integration Vol.18 No.1
Starting with the Treaty of Rome (1957), the European Union adopted common policies to promote "harmonious economic development and balanced expansion. " The paper investigates how wuccessful such policies were, by examin-ing whether there was economic convergence of the real per capita GDP in the EU. Two measures of convergence are employed. The first is σ, which is based on the cross standard deviation of the real per capitea GDPs of the EU countries; the second is β convergence based on the neoclassical growth model. Both σandβwere estimated using EU data for the period 1960-1995, The empirical findings support the hypithesis of economic convergence within the EU except ofr the 1980-85 sub-period where weak divergence was indicated.