convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …

In two-sector infinite-horizon trade models with factor–price-equalization, convergence of aggregate capital …

convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible …

economies contradict the implicit assumption of standard convergence analysis. To address this issue, we adopt the Markov chain …

projections can be resolved by accounting for growth convergence in a climate-econometric approach that is consistent with the …-level economic growth, our convergence-consistent projections reveal that under an unmitigated warming scenario, global climate …

We show that σ-convergence in regional productivity growth can be approximated by σ-convergence in sectoral … productivity growth and σ-convergence in structural transformation-led productivity growth. Applying this framework to Japanese … prefecture-level data from 1874 to 2008, we find support for substantial convergence effects of structural transformation in the …

conditional convergence theory. Cross-country regression further suggests that the Republic of Korea's catch-up to the United … decades due to the convergence effect and with the rebalancing toward a domestic consumption and services-based economy. The …