The paper analyzes the convergence dynamics of a log-linearized open- economy neoclassical growth model under the … perfect capital mobility. The model can be calibrated for sufficiently slow conditional convergence. The model's dynamics turn …

framework, namely, convergence, identifications of growth determinants and factors responsible of growth differences in the data …, the primary focus of this paper is on the last two. Since the use of econometrics was originally motivated by convergence …

participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world …

. It is also shown that divergence or convergence may arise instead of overtaking, depending on the initial levels of …

In this paper we outline (i) why ó-convergence may not accompany â- convergence, (ii)cite evidence of â-convergence in … the U.S., (iii) and use USA county-level data containing over 3,000 cross-sectional observations to demonstrate that ó-convergence …

We use county data with 3,058 observations to study growth and convergence in the US. We assess the effect of 40 … convergence rates around 2 percent, but 3SLS yields 6–8 percent; (2) convergence rates vary across the U.S. E.g., Southern …

. It is also shown that divergence or convergence may arise instead of overtaking, depending on the initial levels of …

convergence rate across the U.S. is about 7 percent per year – higher than the 2 percent normally found with OLS in cross …-country, U.S. state, and European region samples. Estimated convergence rates for 32 individual states are above 2 percent with … an average of 8.1 percent. For 29 states the convergence rate is above 2 percent with 95 percent confidence. For seven …