suggest an increase in imports of around 4%. For ESs, estimates draw on the comparison of an Environment Services …

degree of product substitutability, with or without free entry, increases R&D effort – provided that the total market for …

that the substitutability of their public debt increases after unification. This implies that the average expected real …

Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The … the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3 …

is led to reject the convergence theory. In order to understand what lies at the heart of this discrepancy, the paper …This paper offers new tests of the `convergence hypothesis'. It first analyses the pattern of growth of measured inputs … school enrolments (or the UN-conditional convergence of the stock of measured inputs would not hold), but because the law of …

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 …

The neoclassical growth model accords with empirical evidence on convergence if capital is viewed broadly to include … variables create substantial differences in steady-state positions. Open economy versions of the theory predict higher rates of … convergence than those observed empirically, however. We show that the open economy model conforms with the evidence if an economy …

capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD …