inequality. An estimated baseline convergence model captures the long-term effect of human capital and total investment on …

An estimated baseline convergence model capturing the long-term effect of human capital and physical investment on … increase the speed of convergence of catching-up countries. Public investment is more beneficial in some areas than others …

convergence by facilitating the migration of workers out of the low-productivity agricultural sector into the industry and … convergence with frontier countries. This has the potential to lift millions more out of poverty without exacerbating income …

include sub-national fiscal policies. Baseline results show convergence rates of regional GDP per capita in line with the 2 …% “iron law of convergence” between countries. Capital investment, and public investment in particular, is a stronger driver … government expenditure is associated with lower growth and slower regional convergence, suggesting low sub-national spending …

productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition … to trade openness, an economy’s speed of convergence to its long-run steady state level of MFP is an increasing function …

This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995 …-2010, when regional data are available. Using a panel regression framework we find no evidence for beta-convergence. Instead we … regional product confirm this outcome as do non-parametric estimates of convergence, namely estimates using Markov transition …