Carayannis, Elias G.; Mallick, Rajiv - In: The Review of Regional Studies 26 (1996) 1, pp. 55-74
Traditional regional convergence theory has come under serious scrutiny in view of the recent divergence in regional incomes in the U.S. during the eighties. Neither the neoclassical theory of a steady decline in regional disparities over time nor Kuznets' inverted-U hypothesis can...