area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …

is derived analytically for linear seasonal adjustment methods. GDP data for five European countries and three classes of …

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … decades in the euro area and the US. Ongoing business cycle convergence often detected in a country data is not confirmed at …. Thus, the lack of convergence does not seem to be an impediment to a common monetary policy. -- Business cycle convergence …

In this paper, we examine beta-convergence of real per-capita income of Chinese counties. We account for both the … spatial dependences between counties and the possibility of different convergence regimes. The first feature is captured by … model the estimated convergence rate is 0.8% for unconditional regression and 1.7% for condtional regression, the …

context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets …

In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional … control for spatial effects. All specifications confirm the presence of convergence with an annual speed between 3 and 3 … in the speed of convergence across the regions, where a higher speed is striking in particular in France and the UK …

estimation, Markov chain analysis and cross-sectional regressions provide evidence that convergence of regional per-capita income … research. In this paper we examine whether there are overlapping trends of regional development in the EU: overall convergence …

macro series, namely annual and quarterly real GDP and GDP per capita. The results indicate that the behaviour of US GDP can …

financial markets looking at the convergence of interest rates. A common finding is that government bond markets are quite well … process of interest rate convergence. The main finding is that countries with large initial deviations from the mean interest …