Costantini, Mauro; Arbia, Giuseppe - In: Applied Economics Letters 13 (2006) 12, pp. 775-783
This paper examines stochastic convergence in real per capita GDP for Italian regions using recent non-stationary panel data methodologies over the period 1951 to 2002. Economies stochastically converge when regional differences across economies are not persistent, and long-run movements in a...