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We explore the relative ability of local economies to retain their long-run growth dynamics when faced by the destabilizing effects of major shocks. Taking annual wage series for nineteen U.K. towns over the historical period 1871–1906, we fit a spatial panel data model to 1871–1890 data and...
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Most of the earlier studies on the convergence of income in China are based on provincial level data with a few papers … very little evidence of convergence to the mean income in various spatial groupings. Furthermore, the empirical analysis …
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