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This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses … OECD countries, there are different clusters. The parameter representing the convergence hypothesis, despite being negative … convergence between the countries that belong to the upper quantiles. Moreover, 1960–1970 is highlighted as the period in which …
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This article brings empirical evidence on the effect of fiscal consolidation in decentralized countries. The focus on Spain is justified by three reasons. First, it is one of the OECD countries most affected by the Great recession in terms of both GDP and public deficit. Second, Spain is one of...
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