Recent estimates of convergence equations using panel data techniques tend to produce theoretically unpalatable results … Spanish regions, it is found that explicitly allowing for short-term noise reduces the estimated convergence rate to values …

This paper surveys the recent literature on convergence across countries and regions. We discuss the main convergence … exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence …

This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and …. Technological catch-up is found to be very fast and seems to have played an important role in OECD convergence during the first half … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …

This paper illustrates how convergence equations can be used to analyse the dynamics of the income distribution, thus … allowing for the main convergence mechanisms identified in the literature. The estimated model and the underlying data are then … used in a convergence accounting exercise, which yields quantitative estimates of the contribution of each of these …