1994); Danny Quah
, One Business Cycle and One Trend from (Many) Many
This decomposition contrasts with the international inequality panel of Deininger and Squire (1996), where approximately 90% of the variation is cross-sectional, while only 10% is through time (see Li, Squire, and Zou 1998, and Quah
In a series of seminal papers, Quah
(1993a, b; 1996a, b, c; 1997) criticized the standard econometric approach to income convergence, arguing that its focus on the first ([beta]-convergence) and second ([sigma]-convergence) moments of the income distribution describes the dynamics of a representative economy but fails to characterize the evolution of the entire income distribution over time.
This seems to corroborate Quah
and Crowley (2010) who detected increased convergence in the region against the US but contradict Yamashita (2009) who called for Asia to de-dollarize in the path toward an Asian monetary system.
(1993) argues that classical Barro growth regressions are not capable of capturing the evidence of convergence from the data because of Gallon's fallacy.
, supra note 23, at 7 (discussing the attitudes of Cambodians toward government); id.
However spatial externalities do not spread without limits [Darlauf and Quah
(1999)] as a result of which closely related economies or regions tend to have similar kinds of human capital externalities and technology levels as compared to the more distant ones [see Quah
(1996); Mion (2004)].
Panel-based unit root tests have been initially suggested by Quah
In addition to Barnett, the CB Richard Ellis pursuit team includes Rebecca Quah
, senior director, San Francisco; Mark Latham, managing director and Joel Stephen associate director, Singapore; and Ben Blatteis, senior manager, Beijing.
Thus, in order to determine the role of production instability, technology has been used as an independent variable in growth models, and Solow is considered as one of the pioneers (Keely and Quah
Studies in Canada (Cava, Fay, Beanlands, McCay, & Wignall, 2005), Hong Kong (Lau, Griffiths, Choi, & Tsui, 2009; Siu, 2010; Griffith & Lau, 2009), and Singapore (Leung, Quah
, Ho, Ho, Hedley, Lee, & Lam, 2004; Quah
& Hin-Peng, 2004) reveal that participants' perceptions of risk are based on their personal experiences, available information, and their reported compliance.
Interpretations have ranged from post- industrialism (Bell 1973), post-fordism (Mathews 1989), and post-modernism (Clegg 1990) to a more recent focus on information and digital technologies (Castells 1996; Malecki and Moriset 2007) amounting to what some have come to describe as a 'weightless' world (Coyle 1997; Quah