Tsionas, Efthymios G.; Theocharis, Loukas - In: Metroeconomica 59 (2008) 2, pp. 203-211
The paper demonstrates that the standard neoclassical model of stochastic growth in the absence of any other modifications is consistent with club convergence contrary to the analysis in Cetorelli (2002, Journal of Economic Dynamics and Control, 27, pp. 29-50). In that sense, it is not necessary...