REY, Serge - Volkswirtschaftliche Fakultät, … - 2005
We study the processes of real convergence (per-capita GDP, period 1950-2005) and of nominal convergence (inflation … (Markov processes) and stochastic kernels, we show that there is not had a global real convergence process, but rather … convergence clubs. Conversely, a convergence process of inflation rates is verified. Finally, we note that the speed of …