Christopoulos D. K. and Tsionas E. G. (2007) Are regional incomes in the USA converging? A non-linear perspective, Regional Studies 41, 525-530. This article deviates from the current practice of regional convergence by allowing output convergence to follow a non-linear process. In this scenario...

In this paper we investigate the productivity growth – inflation nexus in fifteen European countries over the period 1961–1999 using panel unit root and panel cointegration tests. Emphasis is placed on the distinction between long-run and short-run causality using recently developed tests...

We study the effect of technology gaps and capital deepening on the productivity growth of Greek prefectures over the period 1971-1995. The empirical results show that Greek prefectures tended to converge over time, contrary to conventional wisdom. It is found that capital deepening plays a...

The paper examines whether inflation systematically distorts the informational content of price signals. A shadow cost function is specified, and the deviation of shadow from actual prices is modeled as a function of the level of economy-wide inflation, as well as other conditioning variables...