Diwan, Ishac; Gaddah, Olivier; Osire, Rosie - Kennedy School of Government, Harvard University - 2014
It has long been known that countries only converge conditionally i.e. poor countries catch up with richer ones only if they adopt policies and institutions that are conducive to economic growth. Recently, Dani Rodrik (2011) has shown that manufacturing industries, unlike countries, converge...