-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …, while achieving regional redistribution, seem to impede output growth and promote an “immiserising convergence”: output …

-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …

particular emphasis on the impact of productivity convergence and effects of timing of trade and financial liberalization on the … convergence patterns. We compare the mechanisms behind the three investment margins (horizontal investment to new varieties …

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …

. Although convergence towards higher levels of income appears to be a distant prospect at current trend growth rates, this is …

convergence and short term dynamics to vary across countries. While there are indeed good reasons to believe in common long … direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …, standard dynamic fixed effect specifications, by imposing cross-country homogeneity restrictions on speed of convergence and …

Progress in regional convergence in the EU has been uneven over the last two decades. While Central and Eastern Europe …, within most countries, gaps between large cities and rural areas have widened. Some challenges to convergence have stemmed …