Weber, Enzo - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
theory implies convergence of
per capita income levels between nations, since less developed countries should achieve
higher … growth rates. Of course, in case of structural economic parameters differing across
countries, convergence would have to be … augmen-
tation. As a consequence, the hypothesis of necessary convergence to an exogenously
determined steady state path …