Arnold, Jens; Bassanini, Andrea; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2007
convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …