We investigate the efficiency of the Dickey-Fuller (DF) test as a tool to examine the convergence hypothesis. In doing … deterministic and stochastic trends. This issue may explain the lack of support for the convergence hypothesis in the aforementioned …

, the productivity growth is governed by the growth in technical progress. We also study about convergence in state level … and find a tendency of convergence in productivity growth though only states that are efficient remain on the production …

This study examines whether or not the convergence of per capita output—which is categorized as catching-up and long …-run convergence, defined by Oxley and Greasley (1995)—exists within Asian newly industrializing economies (Asian NIEs), namely, Hong …-run convergence, whereas Korea and Taiwan are yet to converge with Hong Kong. …

different assumptions regarding magnitudes of realization of these reserves, future convergence of the Serbian economy toward E …

analysis for 1950-2007 for seven regions in the world, showing that for Latin America and the Caribbean convergence results … withstanding the negative effects of contractions and ‘bad’ at taking advantage of expansions to achieve convergence with the …

We study the hypothesis of convergence amongst Mexican regions since 1940 with special interest in the post …-trade liberalization period. A standard time-series convergence test shows that per capita income levels between the capital and the rest … of the regions tend to narrow over time. Using the concept of deterministic and stochastic convergence, we describe the …

study on nonparametric growth regressions. The results show that in the estimation of unconditional β-convergence, the … two modes in the positive region (primarily non-OECD economies) of the parameter estimates. The results for conditional β-convergence …