Dreger, Christian; Rahmani, Teymur; Eckey, Hans-Friedrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
The neoclassical growth model predicts convergence of productivity or per capita output levels across regions. If participation in the labor force is constant, convergence of per capita income is implied. We investigate this hypothesis for the Iranian economy using data on demand deposits as a...