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Purpose The purpose of this paper is to empirically examine the issue of convergence in the monthly returns, rental … January 1987 to December 2014. Design/methodology/approach The methodology used to determine convergence is principal …. Findings The results suggest that there is strong evidence of convergence over the entire sample period in relation to monthly …
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We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
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