estimate the half life of convergence to be approximately 9 years. The following hypotheses are investigated as explanations … for the slow convergence: (i) Arbitrage impediments induced by transportation costs, and (ii) and the inclusion of … upper bound on convergence rates that participants in European Monetary Union may experience. …

present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth. JEL classification …

present study suggests an asymmetric, convergence-stimulating impact of EU membership on long-term growth. …

estimate the half life of convergence to be approximately 9 years. The following hypotheses are investigated as explanations … for the slow convergence: (i) Arbitrage impediments induced by transportation costs, and (ii) and the inclusion of … upper bound on convergence rates that participants in European Monetary Union may experience. …