It is quite common in convergence analyses across regions that data exhibit strong spatial dependence. While the literature adopting the regression approach is now fully aware that neglecting this feature may lead to inaccurate results and has therefore suggested a number of statistical tools...

International policy rules and inequality : implications for global economic governance / José Antonio Ocampo -- National inequalities and the political economy of global financial reform / Eric Helleiner -- Are new economic policy rules desirable to mitigate rising national inequalities? /...

This paper analyzes the effect of different regional subsidies to poor regions on industrial location, employment, income inequality and welfare in the presence of agglomeration forces when firms are mobile. The impact on location of such subsidies is stronger when trade costs are low. With...