Beenstock, Michael; Felzenshtain, Daniyel; Benzeev, Nadav - 2010
We present a simple reproducible methodology for constructing regional capital stock data, which we apply to Israel. We … find that capital deepening has been sigma-convergent since 1985. This process is "inverted" since capital stocks and … capital-labor ratios in the richer center have been catching-up with their counterparts in the poorer periphery. We explain …