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 …

degree of convergence could be identified over time, distinguishing between a country’s convergence with a regional partner … and a more general trend of convergence with the rest of the world. The results showed that in the majority of cases there … has been an increase in the degree of convergence of demand shocks in recent years. More importantly, it also showed an …

been coupled with increasing disparities amongst the Chinese provinces. The paper utilises a few models of convergence … identify the possible absolute and conditional convergence since the economic reforms. The coverage and impact of 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 …

average. For the majority of our sample countries we obtain evidence of real interest rate convergence towards the latter …. Convergence, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our …

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 …