Bakker, Bas B.; Ghazanchyan, Manuk; Ho, Alex; Nanda, Vibha - 2020
In the last few decades there has been little convergence of income levels in Latin America with those in the United … States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the …, there is strong conditional cross-country convergence. Poor countries with high levels of human capital, governance or …