Toya, Hideaki; Hosono, Kaoru; Makino, Tatsuji - Institute of Economic Research, Hitotsubashi University - 2004
We test the convergence of real income using the Philippine regional data over the period of 1980-2000. Differences in real income across regions were large and persistent. Though regional incomes did not converge towards a common level (absolute convergence), they did converge controlling for...