This paper analyzes the time stability of the GDP beta convergence in two subsamples: EU27 countries during 1993 … compared with the widely cited 2% rate of convergence. (2) The pure mechanism of conditional convergence of the countries under … study was rather constant over time: there were periods of more rapid or slower convergence but the differences were not as …

This paper empirically examines whether there exists stochastic convergence of income inequality among 48 contiguous … evidence in support of the hypothesis of inter-state inequality convergence. Moreover, the results are robust to alternative … inequality measures applied, different notions of stochastic convergence defined, and alternative panel stationary test employed. …

This paper seeks to address two neglected aspects of convergence dynamics of cross-country per capita income. First, we …-run mean. Under this condition, we show that the conventional inference on σ convergence can be enlarged with more predictive … power if one assumes, along with the necessary condition of β convergence, that the stochastic shocks are covariance …

Long run convergence implies that the convergence hypothesis will be rejected if the income differential is not … function with breaks and apply panel unit root tests with breaks. The analysis reveals firstly that the periods of divergence … outnumber the periods of convergence. Secondly, since the year 2000 all countries but Syria have been converging toward the …