The study gives the theoretical justification for the per capita growth equations using Solovian model(1956) and its factor accumulation assumptions. The different forms of the per capita growth equation is used to test for 'absolute convergence' and 'conditional convergence' hypotheses and also...

The study gives the theoretical justification for the per capita growth equations using Solovian model (1956) and its factor accumulation assumptions. The different forms of the per capita growth equation is used to test for 'conditional convergence' hypotheses and also work out the speed of...

The empirical literature on income convergence hypothesis is available for almost all developed or industrialized countries. However, regarding developing economies especially, South Asian region few studies attempted it in their convergence related empirical analysis. Therefore, the central...

The European Union integration assumes that countries realized a real convergence process which is influenced by fiscal policy of each country. This study analyzed both absolute convergence (all countries will reach the same steady state level of income) and conditional convergence (countries...

In this study, we test whether there is income convergence among the regions of Turkey at the NUTS-2 level over the period 1991-2000. We use the random coefficient model for this purpose, which have been developed instead of fixed coefficient models and assumes economical relationships varies...

The aim of this paper is to reveal once again the how important is the aid offered by the European Union to the Member States as European funds. Rationally used, these funds will lead to the regional convergence and to socio-economical and territorial cohesion. Furthermore, I showed the factors...

This paper proposes tests for intercept homogeneity in stationary dynamic panel framework which are robust to cross-sectional dependence. We then argue that these tests can be used as a test for absolute convergence assuming that conditional convergence holds. The proposed tests are shown to...

This study aims to examine the absolute and conditional convergence across the 27 EU Member States. To examine the absolute β convergence was used Baumol model (1986) estimated by OLS and Panel Data, and to examine the absolute σ convergence the Quah model (1993) by graphical analysis....

This paper will review the development process of China\\\'s government bond market, analyze the current situation and problems as well as the status of economic reform in China and for And make policy recommendations on the development of the government bond market in China from a strategic...

From the perspective of the subprime mortgage crisis and the European debt crisis expounded the importance of a developed government bond market to cushion the financial crisis, And comparative analysis of the United States, the United Kingdom, Japan, Germany, the euro zone and offshore...