study of the convergence hypothesis. The data show limited intra-distribution mobility in incomes across economies and thus …, little convergence. The analysis uncovers some `convergence club'-like dynamics, and reveals the wide diversity in growth …

The convergence hypothesis has generated a huge empirical literature: this paper critically reviews some of the earlier … interpreting convergence empirics. The main findings are: (1) The much-heralded uniform 2% rate of convergence could arise for … reasons unrelated to the dynamics of economic growth. (2) Usual empirical analyses - cross-section (conditional) convergence …

Recent estimates of convergence equations using panel data techniques tend to produce theoretically unpalatable results … Spanish regions, it is found that explicitly allowing for short-term noise reduces the estimated convergence rate to values …

growth path in the ex-communist block, both pre- and post-reform. We test whether there has been convergence within the block … and between the block as a group and the West. Surprisingly, there is little evidence of convergence within the communist … region under the communists. There is also little evidence of convergence with respect to the West, for the 1970–90 period …

. Non-convergence traps are more likely when policies and institutions are endogenized, enabling beneficiaries of existing …

This paper surveys the recent literature on convergence across countries and regions. We discuss the main convergence … exploring the role of alternative convergence mechanisms and the possible shortcomings of panel data techniques for convergence …