lack of real convergence. The paper investigates this …

This paper examines whether economic integration favors countries' convergence into a common cone of diversification … integration in Europe is found to have promoted convergence from lower to higher diversification cones. …

convergence which we analyze on the aggregate level as well as specifically for manufacturing and service industries. For this we … implement both time series and panel data methods. Our results indicate overall structural convergence between Western European … countries over time. This is mainly due to strong intersectoral convergence patterns as countries shift from industrialized to …

neoclassical economic theory, allocative efficiency and thus an achievement of a welfare maximum, and an income convergence can …