convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and … human capital. Regional convergence is about 2.5% per year, not more than 1% per year faster than convergence between … countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a …

regions. On the one hand, diminishing returns to specialization in a location can result in a convergence effect: the growth … available data from the US Cluster Mapping Project to disentangle the impact of convergence at the region-industry level from … agglomeration within clusters. We find that, after controlling for the impact of convergence at the narrowest unit of analysis …