In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate … capita GDP across 25 countries-is reasonably stable since 1870. This lack of "sigma convergence" is consistent with the …

In this paper I analyze whether international trade contributes to per capita income convergence across countries. The … dispersion, in each case I use a difference-in-differences' approach which compares the convergence pattern among the … liberalizing countries before and after liberalization with the convergence pattern among randomly chosen control countries before …

The recent literature on cross-country convergence of per capita income has largely ignored international trade. The … reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … capita income convergence and international trade. First, I briefly summarize a few interesting recent papers which have …

We study the extent of macroeconomic convergence/divergence among euro area countries. Our analysis focuses on four … union as a convergence factor by using non-euro developed economies and the pre-EMU period as control samples …

. The estimation of key parameters uses a simulated method of moments approach to match moments related to asset market … estimation are used to characterize the distributions of the marginal propensity to consume across households for each of the …