same (detrended) consumption over space and time, lead to convergence in the level of capital across locations in the long-run. …

In the growth literature, researchers are typically concerned with macro convergence. However, to the extent that macro … dynamics result from the underlying microeconomic relations, convergence should also be investigated at the micro-level. In … this paper, we suggest an approach that allows exploiting large micro panels to test for convergence. Compared to the …

This paper uses an AutoCorrelation Function approach to develop new tests for international output convergence. Using … per capita GDP for 15 OECD countries observed over a century, we find that the hypothesis of conditional convergence is …

difference in convergence depending on the level of aggregation. While aggregate national inflation rates are diverging …, disaggregate inflation rates are converging. We find that aggregation appears to bias evidence towards non-convergence. Our results …